Neighborhood Convenience
For Sale
$135,000
1936 STATE Street, Hamden, CT 06517
Business For Sale, Hamden, CT
Property Size750 SF
Price / SF$180
Days on Market48
Property Features for 1936 STATE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
GPS Friendly
Standard status
Active
Size
750 SF
Additional Details
Business Included
Yes
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Listing Agency:
Century 21 AllPoints Realty · Century 21 Real Estate
(203) 265-1931
Listed By:
Dhaval Patel
(203) 606-5834
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 25 at 3:06PM
MLS# 24205411
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 750-square-foot neighborhood retail business operates from 1936 State Street in Hamden. The offering includes beer, wine, spirits, cigarettes, and lottery products, providing a range of convenience-oriented merchandise within a compact storefront format.
The property is served by public water and public sewer and has window unit cooling. The business has operated in the local community for years and is suited to an owner-operator or retailer seeking an established neighborhood operation.
The property is served by public water and public sewer and has window unit cooling. The business has operated in the local community for years and is suited to an owner-operator or retailer seeking an established neighborhood operation.
Key Highlights
- 750 square feet of retail space
- Beer, wine, and spirits offered
- Cigarettes and lottery products included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,312
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,240
$246.2K
Cap Rate 7%
$175,886
$175.9K
Cap Rate 9%
$136,800
$136.8K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$17.1K $22.80/SF
− Vacancy
−$684 −$0.91/SF
EGI
$16.4K $21.89/SF
− OpEx
−$4.1K −$5.47/SF
NOI
$12.3K $16.42/SF
Area
New Haven, CT
Vacancy
4.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,240
Cap Rate 7%
$175,886
Cap Rate 9%
$136,800
Alternative Uses
Best Use
Specialty Retail
$175.9K
$153.9K – $205.2K
NOI $12,312 @ 7.0% cap · market cap 9.12%
Second Best
Retail
$154.7K
$135.4K – $180.5K
NOI $10,830 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$241.3K
$211.1K – $281.5K
NOI $16,888 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 37%
Dunkin' Donuts
Dining
8,928 visits/mo
0.1 miles
Dollar General
Shops & Services
8,907 visits/mo
0.1 miles
Citgo
Shops & Services
6,308 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established retail business offering beverages, tobacco products, and lottery sales from a compact storefront.
Where is this grocery and convenience store located?
The property is located at 1936 STATE Street Hamden, CT.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 750 square feet of retail space; Beer, wine, and spirits offered; Cigarettes and lottery products included
