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$ 1,299,500
Est. payment /mo
Price Dropped by $200K
453 New Park Avenue West Hartford, CT 06110
2 Baths
10,084 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,084 sqft
Price per Sqft $128
MLS Listing ID 24196031
Full Baths 2
Year Built 1948
Annual Tax Amount $14,040
Lot Size 0.360 Acres
Property Description
Excellent Investment Opportunity!!! Acquire a 10,000 square foot, fully-leased warehouse with the benefit of immediate cash flow from an established tenant under a 5-year lease already in place. This is an excellent opportunity for investors seeking a stable income-producing asset with additional upside potential. The property's layout and configuration may provide the opportunity to add a second floor, creating additional leasable space and increasing future rental income, subject to municipal approvals, zoning requirements, and all necessary permits. Investment Highlights: - 10,000 SF warehouse 5-year lease in place providing immediate rental income - Low-maintenance investment opportunity. - Potential value-add by expanding with a second floor (subject to approvals). - Opportunity to increase cash flow and long-term asset value. - Ideal for investors seeking both current income and future appreciation. Whether you're looking to diversify your portfolio or acquire a value-add commercial asset, this warehouse offers the rare combination of immediate income and future expansion potential.
Location
State CT
County Hartford
Zoning BG
Interior
Interior Features Loading - Dock Height, Public Restrooms, Window Display
Heating Hot Air
Cooling Wall Unit
Exterior
Parking Features Paved, Parking Lot, Off Street Parking
Utilities Available Electric Available, Phone Available, Cable Available
Roof Type Flat
Building
Lot Description Level Lot
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Cynthia Rodriguez • The Property Shop CT
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