Attention investors! This turnkey commercial office building presents an excellent opportunity for those looking to expand their portfolio with stabilized rental income. Fully leased until 2030 with two long term tenants. Larger unit has occupied the building 35+ years, and the second tenant has been there 15+ years. Leases increase annually by 2.5%. Close to West Hartford, this property is situated in Hartford's West End, with easy highway access and public transit. Substantial upgrades include energy efficient lighting, new fire alarm system, new RTU systems, new water heater (2026), updated restrooms, and a complete renovation of the second floor. Ample parking (50+ spaces) located on the front, side, and rear of the building. The partially finished basement offers potential to further maximize rental revenue. With minimal owner responsibility, this property would be ideal for a 1031 exchange, those looking to add to their commercial portfolio, or for the newer investor looking to get into commercial real estate. Detailed expense sheet available upon request.

Information

Price: $1,600,000

Days On Market: 49

Year Build: 1960

Square Footage: 25,298 Sq ft

MLS ID: 24160127

Status: Active

Details

Address: 631 Farmington Avenue

County: Hartford

City: Hartford

Zip: 06105

State: Connecticut

Taxes

Property Taxes: $65,211

Tax Amount: $65,211

Location

Listed By

Listing Agent

Stephanie Ossowski

stephossowski@gmail.com

(860) 336-9290

Dave Jones Realty, LLC

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