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 

The IDX display contains information sourced from the  Smart MLS, Inc as of 12/18/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/18/2024 at 5:28 PM UTC

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