Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap is pleased to present the opportunity to acquire 1890-1916 Dixwell Avenue in Hamden, Connecticut (the “Property”). The building is retail on the ground level and offices above. The subject property, constructed in 1972, is well located along CT Route 10/Dixwell Avenue, one of Connecticut’s main retail corridors with a daily traffic count of 41,000 vehicles per day. It is directly across from Marketplace of Hamden with Home Depot and Price Rite anchors and next to Dunkin. Other neighboring retailers include CVS and Rite Aid, Walmart, Auto Zone, Staples, Petco, Edible Arrangements, Marshalls, Shop Rite, Party City, Gap, Starbucks, Aldi, Firestone, and several restaurants, including Wood & Tap, Friday’s, Wendy’s, Burger King, Taco Bell and more. Several residential units within a mile of 1890 Dixwell Ave have been delivered recently. In addition to the prominence of the national, regional, and local commercial neighbors, the property is well situated a half-mile from the entrance to CT Route 15/Merritt Parkway providing easy access and accessibility. 1890 Dixwell is roughly 14% occupied, providing a new owner with a tremendous opportunity to add value through lease-up. The liquor store has a lease through August 2027; the other retail tenants are month-to-month. The Seller spent approximately $85,000 in the last three years on repaving and striping the parking lot, exterior painting, and installing a fence around the rear perimeter. Level, surface parking is available on-site, and 1916 Dixwell Ave provides additional parking as needed.