1 Circular Avenue

Hamden, CT 06514 Directions
$725,000 Sold on 02/14/2020 Sold on 02/14/2020
  • 16,641Sqft
  • 0.34Acres
  • 1926Built
  • $39Price/Sqft

Property Highlights

  • Days on Market: 296
  • MLS: 170216096
  • Listing Closed

Property Highlights

  • Days on Market: 296
  • MLS: 170216096
  • Listing Closed

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...

Property Highlights

  • Days on Market: 296
  • MLS: 170216096
  • Listing Closed

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.

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.

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  • Additional Information
    • Area Type: Downtown, Urban
    • Gross Income: 305604
    • Living Area SqFt: 16,641
    • Present Use: Former Company Headquarters
    • Road Frontage Description: Municipal Street
    • Sewer: Public Sewer Connected
    • Tax Amount: $21,660
    • Tax Year: July 2019-June 2020
    • Unit Count: 4
    • Utilities Available: Electric, Gas, Telephone, Phone Available, Cable Available
    • Year Built: 1926

Listing Courtesy of Weichert, Realtors-On The Mark.

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