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Property profile & analytics
OFF-MARKET
Banks

20 Circular Ave Hamden, CT 06514-4001

6,124 SF 0.85 ac lot Built 1955
Entity Owned Free & Clear
Property ID
US15-0234897
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1955
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,124 SF
Lot 0.85 ac (37,026 SF)
Zoning code T5
APN HAMD M:2225 B:602 L:00-0000
UPID US15-0234897
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
DOCS REALTY LLC
DOCS REALTY LLC
Zoning & alternative use
T5 · Hamden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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