631-635 Farmington Ave - Office FOR SALE


Hartford, CT 06105- West End
$1,600,000 USD
860-336-9290
631-635 Farmington Ave, Hartford, CT for Sale
$1,600,000 USD
Office - FOR SALE
1/29
null | 11.83% Cap Rate

631-635 Farmington Ave
Hartford, CT 06105
West End


HIGHLIGHTS

  • Fully leased through 2030 with two established tenants and annual rent increases of 2.5%.
  • Significant recent upgrades, including new HVAC, fire alarm system, and energy-efficient lighting.
  • Ample on-site parking with over 50 spaces serving tenants and visitors.
  • Located in Hartford’s West End with easy access to major highways and public transportation.
  • Partially finished basement offers potential for additional income generation.

OVERVIEW

This fully leased commercial office building offers a rare investment opportunity in Hartford’s West End. This property offers stabilized revenue with two long-term tenants with leases extending through 2030, providing predictable income with annual 2.5% rent escalations. Both long-term tenants, with one occupying the building for over 35 years and the other for more than 15 years. Recent capital improvements include energy-efficient lighting, a new fire alarm system, updated RTU's, a brand new water heater, and updated restrooms. The second floor has undergone a complete renovation, and the partially finished basement offers additional revenue potential. With minimal owner responsibilities and ample on-site parking for 50+ vehicles, this asset is well-suited for investors seeking a low-maintenance property or a 1031 exchange opportunity. Located at the corner of Farmington Avenue and Beacon Street, the property benefits from excellent visibility and convenient access to major highways and public transit. Its proximity to West Hartford and downtown Hartford enhances its appeal for professional office users, ensuring long-term stability and value growth.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

11.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

C

APN/PARCEL ID

HTFD-000111-000371-000070

ASK ABOUT THIS PROPERTY

Stephanie OssowskiDave Jones Realty LLCMore Info
860-336-9290

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Stephanie OssowskiDave Jones Realty LLCMore Info
860-336-9290

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.