Renovated Flex Space with
2259 State Street, Hamden, CT 06517
For Sale
$1,250,000
Commercial For Sale, Hamden, CT
Property Size5,187 SF
Lot Size0.69 Acres
Price / SF$240.99
Days on Market49
Property Features for 2259 State Street
General Information
Property type
Property subtype
Zoning
Parking
Security features
Interior features
Exterior features
Lot features
Directions
Standard status
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Additional Structures
Buildings
Listing Agency:
Press/Cuozzo Realtors
(203) 288-1900
Listed By:
Stephen Press · License #REB.0751704
203-288-1900x123
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 9 at 3:06AM
MLS# 24206092
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 flex facility at 2259 State Street combines a showroom, service area, and well-appointed office space within 5,187 square feet. The building underwent a full gut renovation in 2022 and includes central air, a security system, concrete and carpet flooring, and ceiling heights ranging from 10' to 22". Heating includes a gas-fired FWA central system, a gas unit in the service area, and an electric heat pump serving the mezzanine.
The property offers 400-amp, 3 Phase electrical service, an outside storage area, and doors measuring 10-15 ft. Public water and public sewer serve the site. Zoning is T-4, and the property is available for sale or lease with immediate occupancy noted.
The property offers 400-amp, 3 Phase electrical service, an outside storage area, and doors measuring 10-15 ft. Public water and public sewer serve the site. Zoning is T-4, and the property is available for sale or lease with immediate occupancy noted.
Key Highlights
- 5,187 SF flex facility on State Street
- Full gut renovation completed in 2022
- 400‑amp, 3 Phase electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,898
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,497,960
$1.5M
Cap Rate 7%
$1,069,971
$1.1M
Cap Rate 9%
$832,200
$832.2K
Market Conditions
NOI Build-Up for 5,187 SF
Gross rent
$112.0K $21.60/SF
− Vacancy
−$5.0K −$0.97/SF
EGI
$107.0K $20.63/SF
− OpEx
−$32.1K −$6.19/SF
NOI
$74.9K $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%
$1,497,960
Cap Rate 7%
$1,069,971
Cap Rate 9%
$832,200
Alternative Uses
Best Use
Retail
$1.07M
$936.2K – $1.25M
NOI $74,898 @ 7.0% cap · market cap 5.99%
Second Best
Industrial
$709.6K
$620.9K – $827.9K
NOI $49,671 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,797 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
22 ft
Clear height
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
$313,000
Median Home Value
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Market
Average Price Trend$/SF for Flex space in New Haven County, CT
Properties on Market for Flex space in New Haven County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile facility combining showroom, shop, office, storage, and substantial on-site parking.
Where is this flex space located?
The property is located at 2259 State Street Hamden, CT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5,187 SF flex facility on State Street; Full gut renovation completed in 2022; 400‑amp, 3 Phase electrical service
