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Mixed-Use Building with Restaurant Space
New
For Sale
$610,000

173 Arch Street, Hamden, CT 06514

Occupied residential rentals accompany the street-level business space, with utility costs assigned to tenants under their leases.

Property SizeContact for details
Days on Market3

Property Features for 173 Arch Street

General Information

Standard status Active
Property subtype Multi Family
Zoning T4
Occupancy 100%

Units

Unit Mix 1 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units 4

Additional Details

Floor Ground

Building Details

Year Built 1925
Buildings 1
Listing Agency: LPT Realty
Listed By: Meg E Glynn
Source: Capmarkrealty
Added: Sep 24 Last Checked: Sep 26 at 4:32AM

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 LPT Realty

Investment Insights

Based on property information with market context.

This 1925 mixed-use property combines a street-level commercial unit with residential apartments, including a converted attic apartment. The commercial space was configured for restaurant use. A roof installed in 2023 and an upgraded electrical system with a 5-gang meter panel are among the building’s improvements. Off-street parking serves commercial and residential occupants, and the residential leases assign utility costs to tenants. All units are currently rented.

The property is in Hamden near Yale, Albertus Magnus College, and Southern Connecticut State University. Zoning is T4.

Key Highlights

  • Street‑level commercial space configured for restaurant use
  • Residential apartments include a converted attic unit; all units are currently rented
  • Roof installed in 2023

Property Analytics

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Current Use

173 Surf & Turf ... Restaurant gagge Warehouse & Storage

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Building Supply Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

627
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Occupied residential rentals accompany the street-level business space, with utility costs assigned to tenants under their leases.
Where is this mixed-use property located?
The property is located at 173 Arch Street Hamden, CT.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Street‑level commercial space configured for restaurant use; Residential apartments include a converted attic unit; all units are currently rented; Roof installed in 2023
More about this property
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