2340 Whitney AveHamden, CT 06518

This exceptional investment opportunity presents a 11,520 square foot, two-story commercial building situated on a 0.38-acre lot in Hamden, Connecticut. The property, known as Town Hall Plaza, boasts a prime location near Hamden Town Hall, police and fire departments, Route 15, Yale University, Yale Hospital, UNH, and SCSU, ensuring high visibility and traffic. Currently configured as a retail shopping center and storefront, the property is zoned T5, per the Hamden Town Zoning Department, allowing for significant redevelopment potential. Preliminary plans suggest the possibility of a mixed-use development up to seven stories. The sale includes a detailed floor plan for a potential seven-unit apartment conversion on the second floor. A substantial additional parking lot (approximately 0.5 acres, separate purchase required, MLS 170568654, $500,000) is situated behind the building, providing ample parking for tenants and customers. Built in 1940, this property offers a unique blend of established commercial space and exciting future development possibilities. The asking price for the building is $1,650,000, with a price per square foot of $143.23. The property is offered with a modified lease type and multi-tenancy. This is a rare opportunity to acquire a well-located commercial property with significant upside potential in a thriving Connecticut market.