Mt Carmel Shopping Center

Shopping Center for Sale
Catylist Listing ID: 30672406
Property Subtypes: Strip Center
Building Size (RSF): 46,800 SF
Gross Land Area: 5.67 Acres
Sale Price: $2,500,000
Unit Price: $53.42 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/30/2021

Overview / Comments

Value added mixed use center. 46,800 sqft multi building mixed use shopping center located on highly traveled Whitney Avenue with over 17,600 car per day (CTDOT). Property is 75% occupied, tenants are below market rent. The offering price of $53.41 per sqft, leaves a lot of room for new ideas and renovations. Additional contiguous 4 acres available for expansion/development. Space also available for lease.

Additional Details

Nearest MSA: New Haven-Milford
County: New Haven
Taxing Authority: Town of Hamden
Tax ID/APN: 3429-039-00-0000
Zoning: T3.5
Retail Clientele: General, Family, Business, Recreation
Property Located Between: River Road & Willow St
Property Visibility: Excellent
Largest Nearby Street: Shepard Ave
Feet of Frontage: 677
Traffic/Vehicle Count: 17,600
Total Number of Buildings: 4
Number of Stories: 2
Property Condition: Average
Year Built: 1945
Roof Type: Gambrel
Construction/Siding: Wood Siding
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Other
Lot Frontage: 677
Lot Depth: 337
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 32,900 102,375
Median Age: 42.52 42.13
Households: 11,049 39,711


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