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Medical Arts Bldg 21 Woodland St

42,168 SF 82% Leased Office Building Hartford, CT 06105 $2,300,000 ($55/SF) 10.66% Cap Rate

Investment Highlights

  • Adjacent to St. Francis Hospital & Medical Center campus
  • Price is Negotiable!
  • Within walking distance to several cultural attractions

Executive Summary

The Medical Arts Building is a three (3) story medical office building with ample parking and located in an attractive urban setting. Has a flexible floor plan, one (1) elevator, and parking for 150 cars in rear lot.
PRICE IS NEGOTIABLE!!
It is located west of Hartford's Commercial Business District in a region referred to as the Asylum Hill Neighborhood. The immediate neighborhood of the Medical Arts Building is characterized by medical & professional office, multi-family rental housing and residential condominiums. The proper is adjacent of St. Francis Hospital and Medical Center main campus. The property is also within walking distance to several of Hartford's major heritage and cultural attractions including Mark Twain House and the Harriet Beecher Stowe Homestead

Financial Summary (Actual - 2021)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $294,000 $6.97

Financial Summary (Actual - 2021)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $294,000
Annual Per SF $6.97

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
42,168 SF
Building Class
B
Year Built
1964
Price
$2,300,000
Price Per SF
$55
Cap Rate
10.66%
NOI
$245,125
Percent Leased
82%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,056 SF
Building FAR
0.32
Lot Size
3.00 AC
Zoning
O1 - Commercial
Parking
90 Spaces (2.13 Spaces per 1,000 SF Leased)

Amenities

  • Central Heating
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,341 SF
  • Office
  • Full Build-Out
  • Now

2,341 Sf office space Motivated landlord... Pricing is negotiable.

  • 2nd Floor
  • 1,613 SF
  • Office
  • Full Build-Out
  • Now

1,613 Sf office space Motivated landlord... Pricing is negotiable.

  • 3rd Floor
  • 616 SF
  • Office
  • Full Build-Out
  • Now

616 Sf office space/Medical space Motivated landlord... Pricing is negotiable.

  • 3rd Floor
  • 704 SF
  • Office
  • Full Build-Out
  • Now

704 Sf office space/Medical space Motivated landlord... Pricing is negotiable.

  • 3rd Floor
  • 2,212 SF
  • Office
  • Full Build-Out
  • Now

2,212 Sf Medical space with offices Motivated landlord... Pricing is negotiable.

Space Size Space Use Condition Available
1st Floor 2,341 SF Office Full Build-Out Now
2nd Floor 1,613 SF Office Full Build-Out Now
3rd Floor 616 SF Office Full Build-Out Now
3rd Floor 704 SF Office Full Build-Out Now
3rd Floor 2,212 SF Office Full Build-Out Now

1st Floor

Size
2,341 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
1,613 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size
616 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size
704 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size
2,212 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 2,341 SF
Space Use Office
Condition Full Build-Out
Available Now

2,341 Sf office space Motivated landlord... Pricing is negotiable.

2nd Floor

Size 1,613 SF
Space Use Office
Condition Full Build-Out
Available Now

1,613 Sf office space Motivated landlord... Pricing is negotiable.

3rd Floor

Size 616 SF
Space Use Office
Condition Full Build-Out
Available Now

616 Sf office space/Medical space Motivated landlord... Pricing is negotiable.

3rd Floor

Size 704 SF
Space Use Office
Condition Full Build-Out
Available Now

704 Sf office space/Medical space Motivated landlord... Pricing is negotiable.

3rd Floor

Size 2,212 SF
Space Use Office
Condition Full Build-Out
Available Now

2,212 Sf Medical space with offices Motivated landlord... Pricing is negotiable.

Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
HTFD-000156-000312-000060
Land Assessment
$451,010 (2024)
Improvements Assessment
$1,540,210 (2024)
Total Assessment
$1,991,220 (2024)
  • Listing ID: 8876018

  • Date on Market: 8/10/2017

  • Last Updated:

  • Address: 21 Woodland St, Hartford, CT 06105

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