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631 Farmington Avenue

$1,700,000
631 Farmington Avenue, Hartford, CT 06105
631 Farmington Avenue

631 Farmington Avenue

$1,700,000

Attention investors! This turnkey commercial office building presents an excellent opportunity for those looking to expand their portfolio with stabilized rental income. Fully leased until 2030 with two long term tenants. Larger unit has occupied the building 35+ years, and the second tenant has been there 14 years. Leases increase annually by 2.5%. Situated in Hartford's 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 partially finished basement offers potential to further maximize rental revenue. Minimal owner responsibility, this property would be ideal for a 1031 exchange or for the newer investor looking to get into commercial real estate. Detailed expense sheet available upon request.

Features & Amenities

Exterior

Water Source Public
Lot Features Level
Heat type Natural Gas, Forced Air
Air Conditioning Central Air
Sewer Public Sewer

Area & Lot

Status For Sale
LIVING SPACE 25,298 Sq.Ft.
LOT SIZE 0.78 Acres
MLS® ID 24042284
Type Commercial
Year Built 1960

Financial

SALES PRICE $1,700,000
REAL ESTATE TAXES $65,211/yr
Zoning MX-1
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Schedule a Showing

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Thank you for your interest in 631 Farmington Avenue, Hartford, CT 06105. We are reviewing your request and will be in touch shortly!

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