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Financial
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Property profile

20 Scott St Hamden, CT 06514

FOR SALE
Office buildings
Property ID
US15-0831894
6,411 SF 0.4 ac lot Built 1942
Entity Owned 5-yr Hold Free & Clear
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For Sale
Contact for pricing 6,411 SF
20 Scott St, Hamden, CT 06514
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Property summary

AI-generated overview

This exceptional 6,411 square foot commercial property at 20 Scott Street, Hamden, CT, presents a fantastic opportunity for immediate occupancy. Currently configured as office space, the building's versatile layout offers immense potential for a variety of uses. Recent renovations have transformed the property, boasting fresh paint, new flooring, and mostly new windows, ensuring a modern and efficient workspace. The roof is also newer, minimizing future maintenance concerns. The building is currently owner-occupied, meaning there are no existing tenants or leases, providing immediate control and flexibility for the new owner. Ample parking is available with a small lot in front and a larger lot in the rear, accommodating 19 vehicles. This convenient location, situated just off Dixwell Avenue, provides easy access to a multitude of amenities and excellent visibility. The 0.4-acre lot offers potential for future expansion or outdoor amenities. The asking price for this move-in ready commercial space is $850,000. This is a rare opportunity to acquire a well-maintained, updated commercial building in a desirable Hamden location. Don't miss out on this chance to establish your business in a prime spot.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1942
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,411 SF
Lot 0.4 ac (17,424 SF)
Zoning code T4
APN HAMD M:2226 B:027 L:00-0000
UPID US15-0831894

Cap rate & NOI

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

Location

20 Scott St Hamden, CT 06514
Hamden metro Census 165600 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$741k
Blend (final) Blend
$585k

Owner & transaction history

since 2021
Last sale
$595,000
4 recorded transactions
2021
Price N/A
2021
Price N/A
2009
$595,000
2009
$1

Zoning & alternative use

T4 · Hamden, CT
Zoning description

310.1 Specific to zones T1, T2, T3, T3.5, T4, T5, M, TG, NC a. Buildings in the T1 Zone are not permitted except for limited public use and utility purposes. b. Newly platted lots shall be dimensioned according to t able…

General category COMMERCIAL
Top alternative use upside
Restaurant $935,000 +35.5%
Commercial (general) $790,000 +14.2%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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