Pending
Under Contract
farmington Avenue
West Hartford CT, 06119
$750,000
$25.00 per sqft
Pending
Under Contract
30,000 sqft
Commercial
Built in 1949
price listed is starting bid at auction on tenx, 11-18 830 Farmington Avenue presents an excellent NNN investment opportunity at $400K NNN 10+% cap rate in a thriving area. The 29,568-square-foot retail asset is positioned on a gracious 0.68 acres with plentiful parking for employees and patrons alike. Zoned BC, this asset boasts a broad zoning, allowing for many potential uses. The current tenant has occupied this building for 45 years. Situated prominently along a bustling thoroughfare in the vibrant community of West Hartford, it is strategically positioned to capture the attention of a diverse and affluent demographic. This sought-after location boasts high visibility and a steady stream of foot traffic, making it an ideal destination for businesses seeking maximum exposure and accessibility. The West Hartford retail submarket is an excellent place for investors, with retail rents at or above $40 per square feet, NNN. Rents have increased 2.4% in the past 12 months. Nothing is under construction in the West Hartford retail submarket. The current vacancy is lower than its trailing three-year average. The Hartford metro as a whole performs extremely well, making it the perfect place for business. Metropolitan Hartford's labor market continued to expand in June, bringing seasonally adjusted payrolls to 589,200. On a year-over-year basis, this represents a 7,800-job expansion in Hartford's workforce.
24048812
MLSⓇ ID
September 23, 2024
Listed
December 18, 2024
Updated
Map
farmington Avenue
West Hartford CT, 06119
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Features
Corner Lot
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Area Name
N/A
Taxes
$16,000
Tax Frequency
Annually
Days on Market
74
Garage
No
View
No
County
Hartford
Water Source
Public
Pool
No
Zoning
CBD
Listing History
Date | Event | Price |
---|---|---|
12/6/2024 | Pending | — |
Listed by Michael Guidicelli with Regions Real Estate Advisors
Listing Contact: 8603717103
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Data last updated on 12/18/2024 at 5:28 PM UTC