2365 Whitney AveHamden, CT 06518

Property Details for 2365 Whitney Ave

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.18 AC

Property size (Sq ft)

3,436 SF

Zone code

T5

Property type

Retail properties

Property subtype

Other retail properties

APN

HAMD M:2730 B:016 L:00-0000

APU

HAMDM2730B016L000000

Description

This exceptional business opportunity presents a thriving diner located at the highly visible corner of Dixwell and Whitney Avenues in Hamden, Connecticut. Situated just minutes from the Merritt Parkway and the vibrant downtown New Haven area, this location benefits from significant foot and vehicle traffic. The property itself sits on a 0.18-acre lot, providing ample space for the existing diner operation. The current owner has established a strong and profitable business, boasting a Net Operating Income (NOI) of $166,000. This impressive NOI demonstrates the consistent revenue generation potential of this established enterprise. This is a truly turnkey operation, meaning a new owner can step in and immediately begin generating income. All necessary equipment and infrastructure are in place, allowing for a seamless transition. The asking price for this exceptional opportunity is $195,000. This represents a significant return on investment given the current NOI and prime location. Serious inquiries only. Financial statements are available upon request for qualified buyers. Don't miss this chance to own a profitable and established business in a desirable location. This is a rare opportunity to acquire a well-established and successful diner with a proven track record of profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $835,068

  6.5%

  $770,832

  7%

  $715,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,131,348

  Geo Method

  $1,131,348

• Alternative Use

  Use

  Valuation

  Residential

  $650,226

  Hospitality

  $595,603

  Educational

  $495,535

  Medical

  $512,577

  Retail

  $770,832

Location Insight

City

Hamden

County

New Haven

State

Connecticut

Latitude

41.3836

Longitude

-72.9015

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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