1349 Dixwell Avenue 1349-1355 Dixwell Ave 60,687 SF Industrial Building Hamden, CT 06514 $16,218,985 CAD ($267.26 CAD/SF) 8.45% Cap Rate

Northeast Private Client Group is proud to exclusively present 1349 Dixwell Avenue in Hamden, Connecticut — a 60,687-square-foot mixed-use investment opportunity offering a compelling balance of residential and commercial income. The property is composed of 37 apartment units and approximately 33,037 square feet of commercial and industrial space, supported by a well-established tenant mix that includes long-term operators serving both the New Haven and Hamden communities.
Strategically located just one mile from both the Merritt Parkway and the New Haven city line, 1349 Dixwell Avenue provides investors with an ideal combination of accessibility, visibility, and proven income performance. The residential units maintain steady occupancy with market-rate tenants, while the commercial component is 100% leased by dependable, long-term users including First Transit, First Student, and local service businesses.
The property is ideally located along Hamden’s principal north-south artery, Dixwell Avenue, which connects directly to downtown New Haven to the south and the residential suburbs of northern Hamden and Cheshire to the north. This corridor is one of the region’s most active commercial thoroughfares, providing exceptional access, visibility, and daily traffic volume for tenants. The location is only one mile from the Merritt Parkway and one mile from the New Haven border, offering immediate connectivity to Interstates 91 and 95 and the regional transit network.
This is an opportunity for immediate cash flow. At the asking price of $11,900,000, 1349 Dixwell Avenue delivers a current cap rate of 8.45%, with a pro-forma cap rate of 9.20% based on modest rent adjustments and continued lease optimization. The property’s diverse income composition — 41% residential and 59% commercial — provides a strong hedge against volatility in any one sector. Seller financing is available, terms negotiable.