Retail Building in
For Sale
$675,000
1231 Whitney Ave, Hamden, CT 06517
Free-standing retail building in prime location with high traffic.
Property Size4,080 SF
Price / SF$165.44
Days on Market229
Property Features for 1231 Whitney Ave
General Information
Standard status
Active
Size
4,080 SF
Building Details
Year Built
1925
Listing Agency:
Press/Cuozzo Realtors
Listed By:
John Cuozzo · License #REB.0152492
(203) 288-1900
Source:
Themialeteam
Added: Mar 5
Changed: Oct 9
Last Checked: Oct 7 at 2:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Press/Cuozzo Realtors
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Investment Insights
Based on property information with market context.
Located in the desirable Whitneyville area on the corner of Putnam Avenue, this free-standing, one-story retail building offers 4,080 square feet of space. The brick building is in prime condition and is currently divided into two spaces: one measuring 3,030 square feet and the other 1,050 square feet. Each space has its own new or newer utilities. The building could be easily converted into a single, larger 4,080 square foot space. The property benefits from high exposure, with 13,300 cars passing by daily. Basement storage is available, measuring 44' x 21', with access from an outside hatch or interior staircase. This property presents a great opportunity for an owner-user or investor.
Key Highlights
- Prime Whitneyville location on Putnam Avenue.
- Free‑standing 4080 sq ft brick retail building in prime condition.
- Currently divided into two spaces with separate utilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,914
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,280
$1.2M
Cap Rate 7%
$841,629
$841.6K
Cap Rate 9%
$654,600
$654.6K
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$88.1K $21.60/SF
− Vacancy
−$4.0K −$0.97/SF
EGI
$84.2K $20.63/SF
− OpEx
−$25.2K −$6.19/SF
NOI
$58.9K $14.44/SF
Area
New Haven, CT
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,280
Cap Rate 7%
$841,629
Cap Rate 9%
$654,600
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
7,082 visits/mo
0.2 miles
Demographics for 06517, CT
14,954
Population
6,875
Households
2.2
Avg Household Size
45
Median Age
52%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
2,991
Density / Sq Mi
$97,154
Median Household Income
$58,025
Median Earnings
$1,351
Median Rent
$313,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Free-standing retail building in prime location with high traffic.
Where is this storefront property located?
The property is located at 1231 Whitney Ave 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: Prime Whitneyville location on Putnam Avenue.; Free‑standing 4080 sq ft brick retail building in prime condition.; Currently divided into two spaces with separate utilities.
