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Retail - 1700 Dixwell Ave 1700 Dixwell Ave

23,000 SF 95% Leased Retail Building Hamden, CT 06514 $2,834,798 CAD ($123 CAD/SF) 9.57% Cap Rate

Investment Highlights

  • Property features an excellent in-place cap rate on a fully leased property.
  • This is a three building offering featuring 14 rental units (10 tenants).

Executive Summary

Discover a lucrative investment opportunity in Hamden, CT!
1700 Dixwell Ave, Buildings B, C & D feature a retail center with three commercial condos, offering a total of 14 rental units across 10,987 SF. The property is fully occupied, providing a stable income stream with an attractive NOI of $191,395 and a high 9.5% Cap Rate.
Positioned for success, the center boasts a prime location with a new pylon sign, ample parking, and high traffic visibility with 31,300 CPD. Each building showcases unique rental spaces, all of which are fully leased to a total of 12 tenants, creating a diverse tenant mix. With professional condominium management in place, this turnkey investment allows for a seamless ownership experience.
Collect rents, pay one check to the Condo Associaiton and one check for taxes twice a year…easy breezy.
Take advantage of this rare chance to own a thriving retail property in a rapidly growing area. Don't miss out on this outstanding opportunity at 1700 Dixwell Ave, Hamden, CT!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
23,000 SF
Building Class
B
Year Built
1988
Price
$2,834,798 CAD
Price Per SF
$123 CAD
Cap Rate
9.57%
NOI
$271,297 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
3 Stories
Zoning
CDD
Parking
25 Spaces (2.28 Spaces per 1,000 SF Leased)
Frontage
134 ft on Dixwell Ave

Amenities

  • Pylon Sign

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,100 SF
  • Retail
  • -
  • Now

1,100 SF Retail Space for lease located right on busy Dixwell Ave. This corner space with ample parking provides plenty of natural light with windows on two sides. With high ceilings, this space is perfect for Boutiques, Offices, any kind of retail.

Space Size Space Use Position Available
1st Floor 1,100 SF Retail - Now

1st Floor

Size
1,100 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 1,100 SF
Space Use Retail
Position -
Available Now

1,100 SF Retail Space for lease located right on busy Dixwell Ave. This corner space with ample parking provides plenty of natural light with windows on two sides. With high ceilings, this space is perfect for Boutiques, Offices, any kind of retail.

Nearby Major Retailers

Webster Bank
KeyBank
Chase Bank
Planet Fitness
Wells Fargo
ShopRite
Elm City Cross Fit
The YMCA
Bank of America
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
HAMD-002326-000089-000000-000062
Land Assessment
$0 CAD
Improvements Assessment
$366,424 CAD
Total Assessment
$366,424 CAD
  • Listing ID: 33222724

  • Date on Market: 2024-09-18

  • Last Updated:

  • Address: 1700 Dixwell Ave, Hamden, CT 06514

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