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94-96 Brown St

10,400 SF 100% Leased Flex Building Hartford, CT 06114 $845,000 ($81/SF) 10% Cap Rate

Investment Highlights

  • Investment opportunity with established tenants!

Executive Summary

Benefit from immediate returns With established tenants, only one of the four units vacant, you will begin generating income right away, minimizing any downtime or uncertainty. Use this property to help create or expand your own business or for investment. This sale will include two well-built brown brick buildings, each on their own parcel, in a busy location with opportunities galore. Hartford's South End is experiencing continuous growth and development, ensuring that your investment will appreciate over time. There is plenty of parking, approx 20 spaces. The roof is newer and the mechanicals are in great condition. Three of the four units are being occupied by 1. a well-known and popular restaurant offering traditional Italian food. 2. A karate dojo on 2nd floor. 3. A food manufacturer. 4: about 1800 square feet vacant. There is plenty of strategic upside: By capitalizing on the area's popularity, you can command competitive rental rates and create a desirable destination for customers. Seize this opportunity to own a slice of the South End's real estate goldmine. These brown brick buildings offer not just financial potential, but a chance to be part of a thriving community. Don't miss out—schedule your showing today and let your investment dreams take flight The local area is on an upturn with future planned area enhancements like Brainard Airport. The two parcels are being sold together on this listing and separate on two other listings.

Property Facts Under Contract

Price $845,000
Price Per SF $81
Sale Type Investment
Cap Rate 10%
Property Type Flex
Building Class C
Lot Size 0.20 AC
Rentable Building Area 10,400 SF
No. Stories 2
Year Built 1981
Clear Ceiling Height 18 FT
No. Dock-High Doors/Loading 2
Walk Score ®
Very Walkable (78)
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-000253-000675-000178
Land Assessment
$33,250
Improvements Assessment
$62,790
Total Assessment
$96,040

zoning

Zoning Code R4 (Residential)
R4 (Residential)
  • Listing ID: 29842621

  • Date on Market: 10/20/2023

  • Last Updated:

  • Address: 94-96 Brown St, Hartford, CT 06114

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