1700 Dixwell Ave Hamden, CT 06514

This exceptional investment opportunity presents a fully leased, three-building retail shopping center located at 1700 Dixwell Ave, Hamden, CT 06514. The property encompasses 10,987 square feet, divided into 14 individual rental units across three single-story buildings, all built in 1988 and renovated in 2020. Currently operating at 100% occupancy, this stabilized investment boasts a strong net operating income (NOI) of $191,395, translating to an attractive 9.57% capitalization rate. The property benefits from a prime location with high visibility, evidenced by a daily traffic count of 31,300 vehicles, and is situated across from Advance Auto and U-Haul, ensuring consistent foot traffic. Ample parking is available, further enhancing the appeal for both tenants and customers. A newly installed pylon sign increases visibility and brand recognition. The property is zoned T4 and features association-managed common areas, simplifying ownership and maintenance. The sale includes only the commercial condo units; upstairs residential units are excluded. This turnkey investment offers a stable income stream and significant potential for future growth in a thriving market. The asking price is $1,999,900, representing a price per square foot of $182.02. This is a rare opportunity to acquire a high-performing retail property with a proven track record of success.