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Property profile & analytics
OFF-MARKET
Commercial real estate

44 Circular Ave Hamden, CT 06514

23,915 SF 1.17 ac lot
Property ID
US15-0766075
Property summary
AI-generated overview

This exceptional Hamden, Connecticut property presents a unique investment opportunity. The 1.17-acre site encompasses four buildings totaling 23,915 square feet, constructed in 1981 and 1963. Currently configured as art studios with educational use, the property offers significant redevelopment potential for a variety of uses, thanks to its T5 zoning. The buildings are situated in a convenient suburban location, yet enjoy proximity to a bustling commercial area. Ample parking is available directly adjacent to the buildings. Enjoy easy access to Putnam Plaza, Chimney Square, and the Farmington Canal Heritage Trail. The property's location offers convenient access to New Haven (population 124,000), its cultural attractions (Yale Art Gallery, museums, libraries, and theaters), and major transportation routes. Commuting to Hartford (38 miles), New York City (78 miles), and Boston (154 miles) is easily accomplished by car, bus, or train. The three-story complex presents a compelling opportunity for both users and developers seeking a value-add project in a desirable Connecticut location. The asking price is $1,100,000.

Property profile
Verified
Property type Commercial real estate
Total area 23,915 SF
Lot 1.17 ac (50,965 SF)
UPID US15-0766075
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
Current use
Occupant on record · Public records
  • Paier College of Art Vocational School
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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