Retail Building in
1231 Whitney Avenue Hamden, CT 06517
1231 Whitney Avenue, Hamden, CT, 06517
$675,000
For Sale
$675,000
Free-standing retail building in prime location with high traffic.
Property Size4,080 SF
Lot Size0.19 Acres
Price / SF$165.44
Days on Market270
Property Features for 1231 Whitney Avenue
General Information
- Standard status
- Active
- Size
- 4,080 SF
- Lot size
- 0.19 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing Agency
Press/Cuozzo Realtors
(203) 288-1900
Listed by
JOHN CUOZZO · License #REB.0152492
Source
Corcoran
Added: Oct 20, 2025 Checked: Jul 16 at 5:40 am
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
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.
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 - Free-standing retail building in prime location with high traffic.
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: 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.
