1 Circular Avenue

    Hamden, CT 06514
    • $645,000
    • STATUS: Active
    • ON SITE: 61 days
    • MLS #: 170216096
    UPDATED: 34 min ago
    $645,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,641
      SQFT
    • $39
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Commercial
    Built:
    1926
    County:
    Area:

    School Ratings & Info

    Description

    This unique historic Roman-Gothic, neoclassic building brings prominence and attention to this property's highly visible location. Just over the City of New Haven line, it was originally built as a bank providing a grand entrance with impressive high ceilings, and expansive arched multi-paned windows. It was later converted to serve for may years for the headquarters of a successful Advertising/Marketing firm with many upgrades and redesign of the interior that included, but not limited to: finished basement with full kitchen break room with office area and conference room; glass paneled private offices in main level with break area wet bar and magnificent custom designed conference room built in the large bank vault. On or about the mid 1900's a two-story addition was constructed on the rear of the building that can serve as a totally separate entity with two private entrances, offices, executive full-bathroom, restrooms and has a soundproof broadcasting studio. Pro Forma with minimal sqft lease fees and an above average vacancy rate shows a Cap Rate of over 25%!! Must be seen to believe.

    Monthly Payment Calculator



    © 2019 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carbutti & Co Realtors. Data last updated: 2019-09-19T18:57:09.973.
    www.carbuttirealestate.com/homes/97098459

    1 Circular Avenue Hamden, CT 06514

    • Price: $645,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 170216096
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    16,641
    SQFT
    $39
    $/SQFT
    1926
    Built
    Neighborhood:
    N/A
    County:
    New Haven
    Area:
    Hamden
    Property Description
    This unique historic Roman-Gothic, neoclassic building brings prominence and attention to this property's highly visible location. Just over the City of New Haven line, it was originally built as a bank providing a grand entrance with impressive high ceilings, and expansive arched multi-paned windows. It was later converted to serve for may years for the headquarters of a successful Advertising/Marketing firm with many upgrades and redesign of the interior that included, but not limited to: finished basement with full kitchen break room with office area and conference room; glass paneled private offices in main level with break area wet bar and magnificent custom designed conference room built in the large bank vault. On or about the mid 1900's a two-story addition was constructed on the rear of the building that can serve as a totally separate entity with two private entrances, offices, executive full-bathroom, restrooms and has a soundproof broadcasting studio. Pro Forma with minimal sqft lease fees and an above average vacancy rate shows a Cap Rate of over 25%!! Must be seen to believe.
    Exterior Features

    Construction Description Masonry Exterior Features Doors - 10-15 FtSidewalk Foundation Type Concrete Lot Description Corner Lot Parking Total Spaces 0 Road Frontage Description Municipal Street Roof Information FlatMembrane

    Interior Features

    Cooling System Central Air Flooring TileVinylWall-To-Wall CarpetWood Heat Type Hot AirZoned Interior Features Employee LoungePublic RestroomsSecurity System Restrooms Number Of 5

    Property Features

    Bank Owned Property Yn No Commercial Category InvestmentOfficeRetailOther Documents Available None Flood Zone Yn No Garage Parking Info PavedOff Street Parking Heat Fuel Type Natural Gas Location DowntownUrban Possession Availability Immediate Potential Use OfficeRetailRestaurant Present Use Former Company Headquarters Property Tax 21261 Sewage System Public Sewer Connected Sign Yn Yes Subdividable Ynu Yes Utilities Available ElectricGasTelephonePhone AvailableCable Available Water Source Public Water Connected Zoning T5

    Listing information © 2019 Smart MLS
    Listing provided courtesy of Mark Liberman of Weichert, Realtors-On The Mark.


    © 2019 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carbutti & Co Realtors. Data last updated: 2019-09-19T18:57:09.973.
     
    Carbutti & Co Realtors
    72 South Main Street
    Wallingford CT, 06492