1700 Dixwell AveHamden, CT 06514

Property Details for 1700 Dixwell Ave

Year built

1988

Property size (Sq ft)

10,987 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a fully leased, three-building retail shopping center located at 1700 Dixwell Ave, Hamden, CT 06514. The property encompasses 10,987 square feet, divided into 14 individual rental units across three single-story buildings, all built in 1988 and renovated in 2020. Currently operating at 100% occupancy, this stabilized investment boasts a strong net operating income (NOI) of $191,395, translating to an attractive 9.57% capitalization rate. The property benefits from a prime location with high visibility, evidenced by a daily traffic count of 31,300 vehicles, and is situated across from Advance Auto and U-Haul, ensuring consistent foot traffic. Ample parking is available, further enhancing the appeal for both tenants and customers. A newly installed pylon sign increases visibility and brand recognition. The property is zoned T4 and features association-managed common areas, simplifying ownership and maintenance. The sale includes only the commercial condo units; upstairs residential units are excluded. This turnkey investment offers a stable income stream and significant potential for future growth in a thriving market. The asking price is $1,999,900, representing a price per square foot of $182.02. This is a rare opportunity to acquire a high-performing retail property with a proven track record of success.

Location Insight

City

Hamden

County

New Haven

State

Connecticut

Latitude

41.3587

Longitude

-72.927

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