West Hartford CT Commercial for Sale
- Type:
- General Commercial
- Sq.Ft.:
- 30,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1949
- Baths:
- MLS#:
- 24048812
- Subdivision:
- N/A
ADDITIONAL INFORMATION
price listed is starting bid at auction on tenx, 11-18 830 Farmington Avenue presents an excellent NNN investment opportunity at $400K NNN 10+% cap rate in a thriving area. The 29,568-square-foot retail asset is positioned on a gracious 0.68 acres with plentiful parking for employees and patrons alike. Zoned BC, this asset boasts a broad zoning, allowing for many potential uses. The current tenant has occupied this building for 45 years. Situated prominently along a bustling thoroughfare in the vibrant community of West Hartford, it is strategically positioned to capture the attention of a diverse and affluent demographic. This sought-after location boasts high visibility and a steady stream of foot traffic, making it an ideal destination for businesses seeking maximum exposure and accessibility. The West Hartford retail submarket is an excellent place for investors, with retail rents at or above $40 per square feet, NNN. Rents have increased 2.4% in the past 12 months. Nothing is under construction in the West Hartford retail submarket. The current vacancy is lower than its trailing three-year average. The Hartford metro as a whole performs extremely well, making it the perfect place for business. Metropolitan Hartford's labor market continued to expand in June, bringing seasonally adjusted payrolls to 589,200. On a year-over-year basis, this represents a 7,800-job expansion in Hartford's workforce.
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West Hartford Real Estate
The median home value in West Hartford, CT is $387,600. This is higher than the county median home value of $304,000. The national median home value is $338,100. The average price of homes sold in West Hartford, CT is $387,600. Approximately 66.25% of West Hartford homes are owned, compared to 28.89% rented, while 4.86% are vacant. West Hartford real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a West Hartford real estate agent to arrange a tour today!
West Hartford, Connecticut 06119 has a population of 64,034. West Hartford 06119 is more family-centric than the surrounding county with 33.27% of the households containing married families with children. The county average for households married with children is 29.12%.
The median household income in West Hartford, Connecticut 06119 is $111,997. The median household income for the surrounding county is $80,320 compared to the national median of $69,021. The median age of people living in West Hartford 06119 is 39.9 years.
West Hartford Weather
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 17.8 degrees. The average rainfall is approximately 49.7 inches per year, with 37.3 inches of snow per year.