About 631-635 Farmington Avenue
Attention investors! This turnkey 25,000 sq ft commercial office building presents an excellent opportunity for those looking to expand their portfolio. Fully leased until 2030 with two long term tenants providing stabilized rental income. Leases increase by 2.5% annually to account for expense increases. Situated in the West End, with easy highway access and public transit. Substantial upgrades include energy efficient lighting, new fire alarm system, new HVAC system, 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 finished basement offers potential to further maximize rental revenue. At a 9% cap rate with minimal owner responsibility, this property would be ideal for a 1031 exchange or for the newer investor looking to get into commercial real estate. Seller financing available to qualified buyers. Detailed expense sheet available upon request.
Features of 631-635 Farmington Avenue
| MLS® # | 24042284 |
|---|---|
| Price | $2,100,000 |
| Square Footage | 25,298 |
| Square Footage | Public Records |
| Acres | 0.78 |
| Year Built | 1960 |
| Type | Commercial For Sale |
| Status | Active |
Community Information
| Address | 631-635 Farmington Avenue |
|---|---|
| Area | N/A |
| City | Hartford |
| County | Hartford |
| State | Connecticut |
| Zip Code | 06105 |
Amenities
| Utilities | Electric, Gas, Telephone, Cable |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Hot Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Level Lot |
| Roof | Membrane |
Additional Information
| Date Listed | August 27th, 2024 |
|---|---|
| Days on Market | 21 |
| Zoning | MX-1 |
| RE / Bank Owned | No |
Listing Details
| Office | Dave Jones Realty, LLC |
|---|