Corner Brick Retail
1231 Whitney Avenue Hamden, CT 06517
1231 Whitney Avenue, Hamden, CT, 06517
$675,000
For Sale
$675,000
COMMERCIAL - Hamden, CT
Property Size4,080 SF
Lot Size0.19 Acres
Price / SF$165.44
Days on Market275
Property Features for 1231 Whitney Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- T3.5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3
- Parking
- 12
- Interior features
- Window Display
- Exterior features
- Sidewalk
- Standard status
- Active
- Size
- 4,080 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2027
- Tax Annual Amount
- 16804
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 1
Listing agency
Press/Cuozzo Realtors
(203) 288-1900
Listed by
John Cuozzo · License #REB.0152492
203-288-1900x123
Added: Oct 20, 2025 Updated: Jul 19 at 7:20AM Checked: Jul 21 at 12:06PM
MLS# 24134788
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in a desirable Whitneyville area, this one-story brick free-standing retail building sits on a corner along Putnam Avenue. The property is in prime condition and is currently divided into two retail spaces, measuring approximately 3,030 and 1,050 square feet, with their own newer utilities.
The building benefits from exposure to traffic along Putnam Avenue, with an indicated 13,300 cars passing daily. A basement provides storage with access via an outside hatch or an interior staircase, and the basement measures 44' x 21'.
The configuration allows for continued operation as two separate units, or the possibility of a larger single tenant space if the interior layout is consolidated.
The building benefits from exposure to traffic along Putnam Avenue, with an indicated 13,300 cars passing daily. A basement provides storage with access via an outside hatch or an interior staircase, and the basement measures 44' x 21'.
The configuration allows for continued operation as two separate units, or the possibility of a larger single tenant space if the interior layout is consolidated.
Key Highlights
- Brick one‑story retail building with 4,080 SF total in desirable Whitneyville
- Currently divided into two spaces: 3,030 SF and 1,050 SF; a larger 4,080 SF space could be configured
- Each space has its own brand new or newer utilities
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.1k | $21.60 |
| − Vacancy | −$4.0k | −$0.97 |
| EGI | $84.2k | $20.63 |
| − OpEx | −$25.2k | −$6.19 |
| NOI | $58.9k | $14.44 |
4,080 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$841.6K
$736.4K – $981.9K
NOI $58,914 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,871 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Brick one-story retail building is currently split into two spaces with separate newer utilities and basement storage access.
Where is this storefront property located?
The property is located at 1231 Whitney Avenue Hamden, CT.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Brick one‑story retail building with 4,080 SF total in desirable Whitneyville; Currently divided into two spaces: 3,030 SF and 1,050 SF; a larger 4,080 SF space could be configured; Each space has its own brand new or newer utilities
