Dixwell Avenue Commercial Assemblage
For Sale
$3,500,000
1635 Dixwell Ave, Hamden, CT 06514
2.08-acre commercial assemblage with redevelopment potential in Hamden, Connecticut.
Property Size28,890 SF
Lot Size2.08 Acres
Price / SF$121.15
Days on Market94
Property Features for 1635 Dixwell Ave
General Information
Standard status
Active
Size
28,890 SF
Lot size
2.08 Acres
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
Colonial Properties Inc
(203) 795-3853
Listed By:
Gary S. Bellard
(203) 795-3853
Source:
Elliman
Added: Apr 28
Changed: Jul 10
Last Checked: Jul 30 at 6:47AM
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 Colonial Properties Inc
Investment Insights
Based on property information with market context.
This commercial assemblage offers a rare opportunity, featuring 2.08 acres with over 440 feet of frontage on Dixwell Avenue (Route 10) in Hamden, Connecticut. The property includes 28,890 square feet across four buildings. These buildings consist of a 19,032 square foot former car dealership showroom, a 3,294 square foot freestanding building, a 2,052 square foot service office, and 4,512 square feet of service or garage space equipped with six overhead doors. The site, formerly an auto dealership, is zoned T-4, which is one of Hamden's most flexible designations, allowing for a range of commercial and residential uses. The property is located in a primary commercial corridor within New Haven County, experiencing approximately 30,000 vehicles per day. It is situated less than a mile from the Merritt Parkway. The property offers potential for repositioning, redevelopment, or adaptive reuse.
Key Highlights
- 2. 08‑acre commercial assemblage with 440+ feet of frontage on Dixwell Avenue (Route 10)
- Located in a high‑traffic commercial corridor with approximately 30,000 vehicles per day
- Zoned T‑4, offering flexible options for commercial and residential uses
Financial Insights For Industrial
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 | $416.0k | $14.40 |
| − Vacancy | −$20.8k | −$0.72 |
| EGI | $395.2k | $13.68 |
| − OpEx | −$118.6k | −$4.10 |
| NOI | $276.7k | $9.58 |
28,890 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.96M
$5.21M – $6.95M
NOI $417,160 @ 7.0% cap · market cap 11.92%
Second Best
Industrial
$3.95M
$3.46M – $4.61M
NOI $276,651 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$9.29M
$8.13M – $10.84M
NOI $650,524 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
67k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 47%
Dining 32%
Shops & Services 22%
The Home Depot
Home Improvements & Furnishings
31,332 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,798 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,557 visits/mo
0.4 miles
KFC
Dining
6,982 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
2,879 visits/mo
0.2 miles
Demographics for 06514, CT
26,613
Population
11,388
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
11.1 sq mi
ZIP Area
2,398
Density / Sq Mi
$85,227
Median Household Income
$46,594
Median Earnings
$1,633
Median Rent
$250,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mike's Auto Clinic — 28 Gorham Ave, Hamden, CT 06514
- Caldwell Automotive — 399 Treadwell St, Hamden, CT 06514
- Jon I Auto Body & Repair — 1435 Dixwell Ave, Hamden, CT 06514
- Aces Automotive — 130 Leeder Hill Dr, Hamden, CT 06517
- ALCOLOCK Ignition Interlock — 1483 Dixwell Ave, Hamden, CT 06514
Frequently Asked Questions
What type of property is this?
Auto shop - 2.08-acre commercial assemblage with redevelopment potential in Hamden, Connecticut.
Where is this auto shop located?
The property is located at 1635 Dixwell Ave Hamden, CT.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 2. 08‑acre commercial assemblage with 440+ feet of frontage on Dixwell Avenue (Route 10); Located in a high‑traffic commercial corridor with approximately 30,000 vehicles per day; Zoned T‑4, offering flexible options for commercial and residential uses
