Attention investors! This turnkey 25,000 sq ft commercial office building presents an excellent opportunity for those looking to expand their portfolio. Fully leased until 2030 with two long term tenants providing stabilized rental income. Leases increase by 2.5% annually to account for expense increases. Situated in the West End, with easy highway access and public transit. Substantial upgrades include energy efficient lighting, new fire alarm system, new HVAC system, updated restrooms, and a complete renovation of the second floor. Ample parking (50+ spaces) located on the front, side, and rear of the building. The finished basement offers potential to further maximize rental revenue. At a 9% cap rate with minimal owner responsibility, this property would be ideal for a 1031 exchange or for the newer investor looking to get into commercial real estate. Seller financing available to qualified buyers. Detailed expense sheet available upon request.
Rarely available 12 unit brick building in the city's West End neighborhood with a big value add opportunity. Property consists of all 1 bed/1 bath apartments with roughly 725 SF each. There is separate & tenant paid electric + central and owner paid gas H&HW (1 furnace and 2 newer hot water tanks). There is currently no laundry in the building. The property features fire rated doors to the exterior and units. The trash is city pick up (no dumpster). There are a few tandem parking spaces on the side and a fenced area w/additional parking in back. Unit renovations needed + rents are below market = great upside potential! Location is desirable for tenants - close to West Hartford, highway access and plenty of shops, restaurants and other amenities. 10% CAP pro-forma.
***Motivated Seller*** Dental Practice & Medical Condo for sale. Located on ground floor when entering on Woodland Street. Huge potential. Turnkey opportunity.
Already operating supermarket in the heart of downtown Hartford. Steady traffic flow and conveniently located surrounding residential and commercial buildings. Supermarket also has a deli and hood. Sale includes all inventory, shelving and appliances.
Located in the heart of Hartford, this fabulous building offers a lot of possibilities. Ideally positioned across from the Mark Twain house Zoned as mixed use and currently used as office space, this building could be ideal for an owner/user or investment opportunity. The building boasts beautiful architectural details from an era long ago. Under current zoning, an owner can choose to bring back the glory of a single-family home, convert to residential units, create a residential care facility, or continue to use the properties for office use. Other uses include a hotel, group living, bed and breakfast, adult day care, etc. All uses to be verified with the City of Hartford. Behind the building is a carriage house that has been converted to a theater that is currently leased by a local theater group. Outside parking for approximately 8 cars.
The median home value in Hartford, CT is $129,700. This is lower than the county median home value of $232,600. The national median home value is $219,700. The average price of homes sold in Hartford, CT is $129,700. Approximately 20.31% of Hartford homes are owned, compared to 65.03% rented, while 14.66% 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 06105 has a population of 124,390. Hartford 06105 is less family-centric than the surrounding county with 14.27% of the households containing married families with children. The county average for households married with children is 29.4%.
The median household income in Hartford, Connecticut 06105 is $33,841. The median household income for the surrounding county is $69,936 compared to the national median of $57,652. The median age of people living in Hartford 06105 is 30.9 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 50.8 inches per year, with 38.2 inches of snow per year.