12 Victor StHamden, CT 06514

Property Details for 12 Victor St

Year built

1950

Construction

STEEL FRAME

Lot size

0.09 AC

Property size (Sq ft)

5,841 SF

Zone code

T4

Property type

Showrooms

APN

HAMD M:2427 B:151 L:00-0000

APU

HAMDM2427B151L000000

Description

This exceptional 5,841 square foot commercial building at 12 Victor Street in Hamden, CT, presents a unique investment opportunity. Completely renovated from its industrial origins, this property boasts extremely high-end finishes throughout. Details include bookend marble accents and waterfall countertops, creating an elegant and sophisticated atmosphere. The building's thoughtful design and premium materials make it suitable for a variety of uses. Imagine a luxurious salon or spa, a thriving tech startup, or a captivating event space – the possibilities are numerous. Its convenient location just off the Merritt Parkway ensures excellent accessibility and high visibility, attracting both clients and employees. The property sits on a 0-acre lot, offering ample space for the building itself and potential for outdoor amenities depending on the intended use. The asking price is $899,000. This is a rare chance to acquire a meticulously renovated commercial property in a desirable location with significant potential for return on investment. The building's modern aesthetic and prime location combine to create an exceptional opportunity for a discerning buyer. Don't miss this chance to own a truly unique and versatile commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,419,567

  6.5%

  $1,310,370

  7%

  $1,216,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,923,226

  Geo Method

  $1,923,226

• Alternative Use

  Use

  Valuation

  Residential

  $1,105,346

  Hospitality

  $1,012,491

  Educational

  $842,380

  Medical

  $871,351

  Retail

  $1,310,370

Location Insight

City

Hamden

County

New Haven

State

Connecticut

Latitude

41.3639

Longitude

-72.9223

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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