Mixed-Use Property with Two-Car
For Sale
$550,000
2472 Whitney Ave, Hamden, CT 06518
Fully leased commercial property combines street-level restaurant space with an upper-floor three-bedroom residential unit.
Property Size2,757 SF
Price / SF$199.49
Days on Market48
Property Features for 2472 Whitney Ave
General Information
Standard status
Active
Size
2,757 SF
Occupancy
100%
Additional Details
Equipment Included
No
Amenities
two-car garage
Building Details
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
William Raveis Real Estate
Listed By:
Robert Teodosio · License #REB.0676595
(203) 710-8877
Source:
Themialeteam
Added: Sep 5
Changed: Oct 6
Last Checked: Oct 7 at 2:07PM
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 William Raveis Real Estate
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Investment Insights
Based on property information with market context.
Located at 2472 Whitney Ave in Hamden, this 2,757-square-foot mixed-use property was built in 1910 and contains two leased components. The ground-floor retail space is occupied by an Asian restaurant, while the upper level provides a three-bedroom residential unit with a full kitchen, open living and dining area, and a bathroom with a stall shower. The restaurant business is not included in the sale.
The property includes parking for approximately 12 vehicles and an oversized two-car garage. The garage was previously configured for catering use, and catering equipment may be purchased separately. Restaurant equipment currently in the space belongs to the tenant. Both tenants are secured under leases running through September 30, 2026.
The property includes parking for approximately 12 vehicles and an oversized two-car garage. The garage was previously configured for catering use, and catering equipment may be purchased separately. Restaurant equipment currently in the space belongs to the tenant. Both tenants are secured under leases running through September 30, 2026.
Key Highlights
- 2,757‑square‑foot mixed‑use property built in 1910
- Two leased occupants secured through September 30, 2026
- Street‑level Asian restaurant; business is not included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,259
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,180
$905.2K
Cap Rate 7%
$646,557
$646.6K
Cap Rate 9%
$502,878
$502.9K
Market Conditions
NOI Build-Up for 2,757 SF
Gross rent
$62.9K $22.80/SF
− Vacancy
−$2.5K −$0.91/SF
EGI
$60.3K $21.89/SF
− OpEx
−$15.1K −$5.47/SF
NOI
$45.3K $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%
$905,180
Cap Rate 7%
$646,557
Cap Rate 9%
$502,878
Alternative Uses
Best Use
Specialty Retail
$646.6K
$565.7K – $754.3K
NOI $45,259 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$616.9K
$539.8K – $719.7K
NOI $43,182 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$886.9K
$776.0K – $1.03M
NOI $62,080 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,392
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 35%
Hotels & Casinos 8%
Dunkin' Donuts
Dining
14,081 visits/mo
0.0 miles
Exxon
Shops & Services
9,177 visits/mo
0.5 miles
TD Bank
Shops & Services
7,093 visits/mo
0.2 miles
Citgo
Shops & Services
7,025 visits/mo
0.3 miles
Domino's Pizza
Dining
5,449 visits/mo
0.2 miles
Demographics for 06518, CT
19,528
Population
7,285
Households
2.7
Avg Household Size
34
Median Age
50%
College-Educated
96%
High-School Grad
16.5 sq mi
ZIP Area
1,184
Density / Sq Mi
$105,227
Median Household Income
$33,932
Median Earnings
$2,044
Median Rent
$307,900
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial property combines street-level restaurant space with an upper-floor three-bedroom residential unit.
Where is this mixed-use property located?
The property is located at 2472 Whitney Ave Hamden, CT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,757‑square‑foot mixed‑use property built in 1910; Two leased occupants secured through September 30, 2026; Street‑level Asian restaurant; business is not included in the sale
