Mixed-Use Building with
304 Dixwell, New Haven, CT 06511
For Sale
New
$340,000
Retail occupancy on the ground floor is paired with a remodeled upper-level residence and finished basement space.
Property Size1,900 SF
Days on Market5
Property Features for 304 Dixwell
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Tenancy & Operations
Currently Operating
Tenant in Place
Amenities
fully finished basement
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Regency Real Estate, LLC
(860) 945-9868
Listed By:
Adriana Castagnet · License #RES.0817896
(203) 816-1160
Source:
Iverty
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 3:00PM
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 Regency Real Estate, LLC
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Investment Insights
Based on property information with market context.
This mixed-use building, constructed in 1900, has a ground-floor liquor store tenant that has operated at the property for several years. The second floor contains a remodeled one-bedroom apartment with an open layout and natural light. A finished basement adds further interior space.
The property is at 304 Dixwell in New Haven, Connecticut.
The property is at 304 Dixwell in New Haven, Connecticut.
Key Highlights
- Ground‑floor liquor store tenant has operated at the property for several years
- Remodeled second‑floor one‑bedroom apartment with an open layout
- Finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,759
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,180
$595.2K
Cap Rate 7%
$425,129
$425.1K
Cap Rate 9%
$330,656
$330.7K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$57.7K $30.36/SF
− Vacancy
−$3.6K −$1.88/SF
EGI
$54.1K $28.48/SF
− OpEx
−$24.3K −$12.81/SF
NOI
$29.8K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,180
Cap Rate 7%
$425,129
Cap Rate 9%
$330,656
Alternative Uses
Best Use
Apartment 5plus
$425.1K
$372.0K – $496.0K
NOI $29,759 @ 7.0% cap · market cap 8.75%
Second Best
Retail
$391.9K
$342.9K – $457.3K
NOI $27,435 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$611.2K
$534.8K – $713.1K
NOI $42,783 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
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Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in New Haven, CT
Properties on Market for Mixed-use properties in New Haven
Vacancy Rate% for Retail in New Haven, CT
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail occupancy on the ground floor is paired with a remodeled upper-level residence and finished basement space.
Where is this mixed-use property located?
The property is located at 304 Dixwell New Haven, CT.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Ground‑floor liquor store tenant has operated at the property for several years; Remodeled second‑floor one‑bedroom apartment with an open layout; Finished basement
