Hamden, CT 06514,960 Dixwell Avenue

$750,000

$899,000

16.6%
Est.Price: ?

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Est. payment /mo

4,328 SqFt


SOLD DATE : 03/10/2025

Key Details

Sold Price $750,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 4,328 sqft

Price per Sqft $173

MLS Listing ID 24062587

Sold Date 03/10/25

Year Built 1925

Annual Tax Amount $12,562

Lot Size 6,534 Sqft

Property Description

This commercial property offers 4,328 square feet of versatile space, ideal for retail or mixed-use purposes. 3 units, occupied by;1st unit is a popular neighborhood restaurant, check cashing services (in which both have been in business for decades), and storage/warehouse space as it is currently used or it can be utilized as office space as in the past or retail conversion. Separate utilities. Current Gross Monthly Income $7,185 with a 7.1% Cap Rate, Pro-Forma. This property is ideal for an investor who wants a solid return on their investment or for a future owner-operator. Possible room for expansion. The location is a diverse mix of national and local businesses which contributes to a vibrant commercial environment, attracting a steady flow of customers to the area. Hamden's commercial real estate market is poised for steady growth over the next decade, supported by its economic drivers and strategic location. Real Estate Only for Sale. Seller Financing Available. Located in a Designated Opportunity Zone.

Location

State CT

County New Haven

Zoning T4

Interior

Heating Hot Air

Cooling Wall Unit

Exterior

Parking Features Off Street Parking

Utilities Available Electric, Gas, Telephone, Cable

Roof Type Flat,Rubber

Building

Lot Description Corner Lot

Foundation Block, Masonry

Sewer Public Sewer Connected

Water Public Water Connected

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Listed by Konstantinos Milas • Milas Realty Advisors
Bought with Natalie Zoef • Vanguard Private Client Grp

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