44 Circular Ave Hamden, CT 06514
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.
-
Paier College of Art Vocational School
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
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.