Retiring Attorneys selling their office building diagonally across from the entrance to The Hartford Hospital. The entire structure was gut-rehabbed in 1996. New roof, 2023. Quality restoration; stucco walls, stained glass windows, leaded glass doors, simulated marble pillared entry way, natural woodwork throughout. Eleven car parking area in the rear. Convenient location near State Court Houses, State Office Building, and State Capitol. Excellent opportunity for anyone in need of a very unique office building in a very desirable area. This is a Must-See Property! Annual expenses provided by owner: Taxes - $9k; Insurance - $2K; Electric - 10K; Gas - $4k; Water/Sewer - $600
CALLING ALL SAVVY AND EXPERIENCED DEVELOPERES! The property is in one of Hartford's heavily trafficked Opportunity Zones (See attached for resources). The building is an old Factory registered as a Historic Place in Hartford's Opportunity Zone! The original plant was enlarged in 1943 and remained in continuous use until 2010, when the Company ceased operations. Please refer to the attachments for more property information. The neighborhood surrounding the factory is developed with a mix of residential, industrial, commercial, and institutional buildings, and parallel to one of the city's primary commercial corridors, Albany Avenue. Most recently, Hartford Specialty Machinery Co., also on Homestead Ave, was purchased or the express purpose of constructing a cannabis grow operation. Current zoning regulations allow for Multifamily (4+ units) developments; Small Residential Care; Hotel/Apartment Hotel; Community Service; Offices. Medical Marijuana production allowed subject to use-specific conditions (*possible Special Permit). Currently, approximately 1,200 sf is being rented by 2 tenants for storage and generating $28,800/year. There are no leases in place. Phase II environmental reports are available. Showings require 24 hours notice.
Updated gas station, convenience store with property for sale. Newer tanks, dispensers, LED lighting & asphalt. Good sales numbers inside and outside. Additional LOTTO and ATM income. Fuel supply agreement in place at rack -.015 cents. NDA must be signed for additional information. Photo for display purposes only. AGENTS: your buyers must have an NDA filed with listing agent PRIOR to disclosure of address of station. Seller does not want perspective buyers speaking with employees.
Prime opportunity in the south end of Hartford. Expansive 50,170 sq. ft. commercial building with a clean slate interior, providing endless possibilities for customization offering easy access to major highways and nearby amenities. Ideal investment with the potential for conversion into 48 spacious residential apartments. Recent permit issued in April 2022 just expired. As soon as you walk inside it starts showcasing the progress made towards the remodeling project. Significant work already completed, saving time and effort for potential buyers. With the property already approved for the Tax Exemption Program in Hartford, Connecticut, it adds long-term financial benefits for the new owner. Surrounded by a thriving community, it's an attractive choice for residents seeking modern and convenient living spaces. Ample parking space available, catering to the needs of both residents and visitors. With the demand for residential apartments in the area increasing by the day. This is definitely presenting a lucrative opportunity for investors. A rare chance to own a large-scale property with immense potential for profit and growth in the thriving Hartford market. Extra Docs available upon requests(Change of use letter, asbestos removal, solar proforma, updated site plan, unit schematic and sizes.
Investors Take Notice Of This True One Of A Kind Immaculate Turn-Key 8 Unit Up/Down Condo Style Building Built In 1990. Rare To Find Such A Well Maintained Excellent Condition Property To Add To Any Portfolio. A Perfect Investment Property To Take Over And Begin Collecting Positive Monthly Cash Flow Income With Minimal Landlord Expenses. Each Unit Comes With Kitchen, Eating Area, Living Room, In Unit Laundry, Vinyl Windows, Separate Gas Heat Boiler, Water Heater, Electrical Breaker Panel, And Separate Full Basement. The Property Also Features A Fenced Level Lot With Patio Area And 14 Car Private Parking Lot. Just Blocks From Downtown, Restaurants, Dunkin' Park Baseball Field, St Francis Hospital, Bushnell Park, Museums, Easy Access To I-84 And Rte-91 Hwy. Rents Were Kept Extremely Below Market Value Because Occupants Are Members Of A Not-For-Profit Cooperative Structure. All Occupants Are Month-To-Month And Pay All Separate Utilities. Fully Rented And Up To Date Payments. Fair Market Rents Are $1800 For 4 Bedroom Units, $1600 For 3 Bedroom Units, $1400 For 2 Bedroom Units. This Building Comes With (2x) 4 Bed/2 Bath, (4x) 3 Bed/1.5 Bath, (2x) 2 Bed/1 Bath Totaling $153,600 Annual Gross Income. 8.3% Cap Rate. Sold As Is. To Schedule Showing: 24 Hours Notice And Email Proof Of Funds, Prequal Or LOI To Listing Agent Prior To Confirmation. Don't Miss Out On This Amazing Opportunity!
Three-story building downtown Hartford. Walk to hospital.Previous Rooming House/office. Sprinkler system Potential visiting nurse Housing 6+ bedrooms four baths
The median home value in Hartford, CT is $240,000. This is lower than the county median home value of $304,000. The national median home value is $338,100. The average price of homes sold in Hartford, CT is $240,000. Approximately 21.64% of Hartford homes are owned, compared to 63.18% rented, while 15.19% are vacant. 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 Hartford real estate agent to arrange a tour today!
Hartford, Connecticut has a population of 121,562. Hartford is less family-centric than the surrounding county with 20.09% of the households containing married families with children. The county average for households married with children is 29.12%.
The median household income in Hartford, Connecticut is $37,477. 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 Hartford is 33 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 17.8 degrees. The average rainfall is approximately 49.2 inches per year, with 37.9 inches of snow per year.