Freestanding Corner
For Sale
$675,000
1231 Whitney Avenue, Hamden, CT 06517
Commercial For Sale, Hamden, CT
Property Size4,080 SF
Lot Size0.19 Acres
Price / SF$165.44
Days on Market371
Property Features for 1231 Whitney Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
T3.5
Bathrooms
3
Half bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking
12
Interior features
Window Display
Exterior features
Sidewalk
Lot features
Corner Lot
Directions
Whitney Avenue corner of Putnam Avenue (East Side of Whitney) Whitneyville
Subdivision
Whitneyville
Standard status
Active
Size
4,080 SF
Lot size
0.19 Acres
Additional Details
Corner Location
Yes
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
Amenities
basement storage
Building Details
Year built
1925
Floors in Building
1
Buildings
1
Listing Agency:
Press/Cuozzo Realtors
(203) 288-1900
Listed By:
John Cuozzo
203-288-1900x123
Added: Oct 20, 2025
Changed: Oct 25
Last Checked: Oct 25 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This freestanding brick retail building contains 4,080 square feet on a 0.19-acre lot and dates to 1925. The one-story layout is currently arranged as two suites measuring 3,030 square feet and 1,050 square feet, with the option to combine them into a single space. Window display frontage, sidewalk access, central air, and heat pump heating are among the existing features. Basement storage adds 44' x 21' of usable support space, accessible through both an exterior hatch and an interior stairway.
The property is positioned at the corner of Putnam Avenue in Hamden’s Whitneyville area and receives exposure to an estimated 13,300 vehicles daily. It is served by public water and public sewer, with cable available. The property carries T3.5 zoning and includes three bathrooms.
The property is positioned at the corner of Putnam Avenue in Hamden’s Whitneyville area and receives exposure to an estimated 13,300 vehicles daily. It is served by public water and public sewer, with cable available. The property carries T3.5 zoning and includes three bathrooms.
Key Highlights
- 4,080‑square‑foot freestanding brick retail building on 0.19 acres
- Two suites measuring 3,030 square feet and 1,050 square feet
- Basement storage measures 44' x 21' with interior and exterior access
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
Lease Details
13,300 VPD
Traffic count
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 - One-story retail property with flexible suite configuration, window display frontage, basement storage, and public utilities.
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: 4,080‑square‑foot freestanding brick retail building on 0.19 acres; Two suites measuring 3,030 square feet and 1,050 square feet; Basement storage measures 44' x 21' with interior and exterior access
