Technical
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Property profile

1384 Dixwell Ave Hamden, CT 06514

OFF-MARKET
Office buildings
Property ID
US15-0487717
4,625 SF 0.14 ac lot Built 1952
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Hamden commercial property, located at 1384/1388 Dixwell Avenue, offers a versatile 2-story, 4800 square foot building ideal for multiple tenants. Currently, one 2400 square foot space is available for lease on the second floor, perfect for traditional office or medical office use. The building, constructed in 1952, sits on a 0.14-acre lot and is zoned T5. The property features electric and gas power, but lacks elevators. Its excellent location on Dixwell Avenue, near the intersection of Beacon Street and Lexington Street, ensures high visibility and accessibility, benefiting from heavy traffic flow. The asking rent is $2000 per month, plus utilities. The minimum divisible space is 2400 square feet, making it suitable for a variety of businesses. The building's single structure comprises 4800 total square feet, offering ample space for a growing enterprise or multiple smaller businesses. Interested parties should note that the property is a multi-tenant building.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1952
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,625 SF
Lot 0.14 ac (6,098 SF)
Zoning code T5
APN HAMD M:2326 B:424 L:01
UPID US15-0487717

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Hair Salon
  • (Bike/Boat/Book/etc) Store

Location

1384 Dixwell Ave Hamden, CT 06514-4128
Hamden metro Census 165600 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2019
1 recorded transaction
2019
$558,500

Zoning & alternative use

T5 · Hamden, CT
Zoning description

ARTICLE III TRANSECT ZONES T1 - T5 AND SPECIAL DISTRICTS Section 300 PURPOSE The purpose of this section is to enable and encourage the implementation of the following poli- cies with the use of Transect Zones throughout…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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