20 Circular Ave Hamden, CT 06514-4001
This exceptional investment opportunity presents a vacant, two-story retail building totaling 6,124 square feet situated on a 0.85-acre lot in Hamden, Connecticut. The property, located at 20 Circular Ave, is zoned T5 and boasts a prime location at a five-way intersection experiencing high daily traffic volume of approximately 30,000 cars. Previously occupied by Webster Bank, this freestanding building offers ample parking for customers and employees. The asking price is $650,000, translating to $106.14 per square foot. The building consists of one unit across one building and is currently vacant, presenting a blank canvas for a variety of retail or office uses. Its strategic location and substantial size make it an ideal owner-user opportunity or a strong candidate for lease. The property's history as a bank suggests a solid foundation and potential for various financial or professional services businesses. The substantial lot size provides flexibility for future expansion or outdoor amenities. This is a rare chance to acquire a well-positioned commercial property in a thriving Connecticut market. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
T5 · Hamden, CTHamden. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.