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1242-1246 Whitney Ave 5,058 SF 100% Leased Retail Building Hamden, CT 06517 $825,000 ($163.11/SF) 7.71% Cap Rate
Investment Highlights
- Fully Occupied with excellent tenants
- High traffic street
- Off street parking
- Well maintained building
- Heavy foot traffic
- Basement storage
Executive Summary
Located in the heart of the Whitneyville neighborhood, 1242 Whitney Avenue presents a rare opportunity to acquire a fully occupied, turnkey mixed use investment property with strong in place income. This well-maintained building features two established retail tenants on the ground floor and a fully leased residential apartment on the second floor. The building includes a full basement for ample storage and six paved off street parking spaces-which is a premium in this area. The building is in excellent condition; a new roof was installed in 2023, new AC, furnace and HW heater installed in Soup Girl unit. Strategically located, offering quick access to downtown New Haven. It is just minutes from Yale University, Quinnipiac University, major employment centers, and key transportation routes. The area's mix of local businesses, residential density, and strong community character further enhances the property's appeal.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$82,200
|
$16.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,200
|
$16.25
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$29,000
|
$5.73
|
| Net Operating Income |
$53,200
|
$10.52
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $82,200 |
| Annual Per SF | $16.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $82,200 |
| Annual Per SF | $16.25 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $29,000 |
| Annual Per SF | $5.73 |
| Net Operating Income | |
|---|---|
| Annual | $53,200 |
| Annual Per SF | $10.52 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,058 SF
Building Class
C
Year Built
1900
Price
$825,000
Price Per SF
$163.11
Cap Rate
7.71%
NOI
$63,585
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.18 AC
Zoning
CDD - T3.5 Commercial District
Parking
5 Spaces (0.99 Spaces per 1,000 SF Leased)
Frontage
39’ on Whitney Ave
Amenities
- Commuter Rail
- Tenant Controlled HVAC
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Soup Girl
- Retailer
- -
- -
- Plus Utilities
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Soup Girl | Retailer | - | - | Plus Utilities | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | HAMD-002228-000254 | Improvements Assessment | $204,120 |
| Land Assessment | $148,960 | Total Assessment | $353,080 |
Property Taxes
Parcel Number
HAMD-002228-000254
Land Assessment
$148,960
Improvements Assessment
$204,120
Total Assessment
$353,080
(203) 288-1900
x126
Contacts
-
Mark Foreman -
Stephen Press, SIOR -
Press/Cuozzo Commercial Realtors, Inc.
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1242-1246 Whitney Ave
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