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    20 Gorham Ave Hamden, CT 06514

    Sponsored
    For Sale
    $1,100,000

    Spacious Hamden commercial property, ideal for users or developers.

    Property size:
    29,072 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property at 20 Gorham Avenue in Hamden, Connecticut, presents a unique opportunity for both users and developers. The 29,072 square foot property sits on a 0.2-acre lot and is comprised of four buildings totaling 24,247 square feet of space, previously used for educational purposes. The versatile layout includes classrooms, offices, studios, an auditorium, and a library, offering modern functionality and adaptable floor plans. Recent upgrades include the replacement of rooftop units (RTUs), ensuring efficient climate control. The property benefits from a highly desirable location in a suburban neighborhood, yet enjoys proximity to a bustling commercial sector, including easy access to Putnam Plaza, Chimney Square, and the Farmington Canal Heritage Trail. Ample parking is conveniently located directly adjacent to the buildings. Its prominent position adjacent to Dixwell Avenue provides excellent visibility and accessibility. The strategic location offers convenient access to major highways, including Route 10, I-91, and I-95, facilitating seamless commutes. Furthermore, the property is situated just north of New Haven (population 124,000), providing access to a wealth of cultural resources such as Yale's Art Gallery, museums, libraries, and theaters. Commuting to Hartford (38 miles), New York City (78 miles), and Boston (154 miles) is easily accomplished by car, bus, or train. This property offers significant value-add potential and is priced at $1,100,000.

    Property Features for 20 Gorham Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    29,072 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1925
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.93536
    Latitude
    41.34766

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Hamden commercial property, ideal for users or developers.
    Where is this commercial real estate located?
    The property is located at 20 Gorham Ave Hamden, CT.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (860) 674-8908
    Request Owner's contact information
    20 Gorham Ave Hamden, CT 06514
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    Hamden, CT 06514
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 Gorham Ave Hamden, CT 06514
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