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$ 925,000
Est. payment | /mo
29 Baths
23,064 SqFt
$ 925,000
Est. payment | /mo
29 Baths
23,064 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 23,064 sqft
Price per Sqft $40
MLS Listing ID 24197157
Full Baths 29
Year Built 1964
Annual Tax Amount $46,836
Lot Size 0.600 Acres
Property Description
Exceptional redevelopment opportunity in Hartford's desirable West End. This 23,064 SF, two-story office building presents outstanding potential for an office-to-multifamily conversion. The property was previously approved for a 29-unit apartment conversion, providing a significant head start for developers. The approved unit mix consisted of 27 one-bedroom apartments with projected rents of approximately $1,300 per month and 2 two-bedroom apartments with projected rents of approximately $1,500 per month. Situated on approximately 0.60 acres with ample off-street parking (roughly 30+ spaces), the property is ideally positioned for investors seeking to capitalize on Hartford's continued demand for quality rental housing. Redevelopment opportunities of this scale and location are increasingly difficult to find, making this an exceptional value-add development opportunity. The property offers a substantial footprint, flexible floor plan, and a prominent location along Farmington Avenue with convenient access to Downtown Hartford, West Hartford Center, major highways, public transportation, hospitals, and major employers.
Location
State CT
County Hartford
Zoning MX-1
Interior
Heating No Heat
Cooling None
Flooring Plywood
Exterior
Exterior Feature Sidewalk, Lighting
Utilities Available Electric Available, Gas Available, Phone Available, Cable Available
Roof Type Flat
Building
Lot Description Level Lot
Story 2
Foundation Masonry, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Amanda Faroni-Sheehan • Oxford Realty
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Jennifer D'Amato
Broker-Associate | Lic# REB.0788209