1174 Whitney AveHamden, CT 06517

Property Details for 1174 Whitney Ave

Year built

1954

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

1,009 SF

Zone code

T3.5

Property type

Office buildings

APN

HAMD M:2228 B:430 L:00-0000

APU

HAMDM2228B430L000000

Description

Johnson City Town Center presents a prime retail opportunity in the Greater Binghamton, Upstate New York submarket. This community shopping center boasts 83,866 square feet of space across two, two-story buildings, situated on 8.85 acres of land. The property features 331 parking spaces and elevators for convenient access. Currently, 48,609 square feet is available, with minimum divisible space starting at 5,820 square feet and larger suites up to 34,627 square feet. Pad sites are also available for sale or build-to-suit development. Built in 1991, the center benefits from a highly visible location near the intersection of I-81 and NY-17, two major roadways with a combined daily traffic count exceeding 100,000 vehicles. Its strategic placement near the recently redeveloped Oakdale Commons, a Super Regional Mixed-Use center, further enhances its appeal. The property is zoned for General Commercial use and offers excellent potential for a variety of retail businesses. This is a rare opportunity to secure a prominent retail presence in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $166,818

  6.5%

  $153,986

  7%

  $142,987

• Comparable approach

  Method

  Valuation

  Relative Method

  $131,836

  Geo Method

  $131,836

• Alternative Use

  Use

  Valuation

  Residential

  $190,942

  Hospitality

  $174,902

  Educational

  $145,516

  Medical

  $150,521

  Retail

  $226,359

Location Insight

City

Hamden

County

New Haven

State

Connecticut

Latitude

41.3439

Longitude

-72.9124

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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