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.
The median home value in Hartford, CT is $180,200. 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 $180,200. 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 06114 has a population of 121,562. Hartford 06114 is less family-centric than the surrounding county with 18.78% 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 06114 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 06114 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.