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    215 Pearl St Hartford, CT 06103

    For Sale
    $799,900

    Historic building, huge potential, city-approved plans.

    Property size:
    9,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 9,000 square foot commercial property located at 215 Pearl Street in the heart of downtown Hartford, Connecticut presents a remarkable investment opportunity. Situated on a 0.2-acre lot, this building offers a unique blend of historic charm and modern potential. Currently priced at $799,900, the property features a stunning 32-foot cathedral ceiling, creating an impressive and spacious atmosphere ideal for a variety of uses. City-approved plans are already in place, significantly streamlining the development process and minimizing upfront planning costs. The expansive layout includes a dedicated stage area, perfect for events or performances, and a substantial basement area, well-suited for kitchen facilities, storage, or additional event space. While some renovations are required, the property's prime location and existing infrastructure provide a solid foundation for a successful venture. This is a chance to be part of Hartford's ongoing revitalization, transforming this historic building into a thriving hub within the city's dynamic downtown core. The property's versatility makes it suitable for a restaurant, event venue, nightlife establishment, or a combination thereof, capitalizing on the growing demand for unique spaces in this vibrant urban setting. Don't miss this chance to own a piece of Hartford's history and future.

    Property Features for 215 Pearl St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,000 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1924
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Earhart Heavy Duty ... Towing Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.67737
    Latitude
    41.76629

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    FAQs

    What type of property is this?
    Commercial real estate - Historic building, huge potential, city-approved plans.
    Where is this commercial real estate located?
    The property is located at 215 Pearl St Hartford, CT.
    What is the asking price?
    The asking price for this property is $799,900.
    (860) 633-3674
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    215 Pearl St Hartford, CT 06103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 Pearl St Hartford, CT 06103
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