Versatile Commercial Property, High
For Sale
$549,900
110 Main St, East Hartford, CT 06118
Income-producing property with high visibility and development potential.
Property Size2,922 SF
Price / SF$188.19
Days on Market195
Property Features for 110 Main St
General Information
Standard status
Active
Size
2,922 SF
Building Details
Year Built
1875
Listing Agency:
eXp Realty
Listed By:
Michael Truong · License #RES.0794690
(860) 818-2150
Source:
Homesbyshoshana
Added: Mar 25
Changed: Sep 14
Last Checked: Oct 4 at 12:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
Located on Main St in East Hartford, this commercial property offers an investment and business opportunity along a high visibility corridor. The property is zoned commercial, supporting a range of uses including office, retail, residential income, or professional services such as medical, legal, accounting, insurance, or real estate. Currently, the property is configured as a high performing income property, featuring 3 separate rental units operating as a rooming house with a total of 6 bedrooms, 3 kitchens, and 3 full bathrooms. The property has a strong NOI of $49,278 and a 9% cap rate. Extensively updated in 2023, the 2,922 square foot property offers modernized interiors while maintaining flexible layout options to suit both investors and owner-users. The property benefits from exceptional exposure with very high daily traffic counts, ideal for business front signage and visibility. A private parking lot with approximately 20 spaces adds convenience for tenants, clients, and customers. Located just minutes from downtown Hartford, with easy access to I-84, I-91, and Rt-2, this property offers accessibility and strategic positioning.
Key Highlights
- High‑performing income property with a strong NOI of $49,278 and a 9% cap rate, offering immediate cash flow.
- Prime commercial zoning allows for a wide range of uses: office, retail, residential income, or professional services.
- Exceptional exposure with very high daily traffic counts, ideal for business visibility and signage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,325
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,500
$906.5K
Cap Rate 7%
$647,500
$647.5K
Cap Rate 9%
$503,611
$503.6K
Market Conditions
NOI Build-Up for 2,922 SF
Gross rent
$78.9K $27.00/SF
− Vacancy
−$18.5K −$6.32/SF
EGI
$60.4K $20.68/SF
− OpEx
−$15.1K −$5.17/SF
NOI
$45.3K $15.51/SF
Area
Hartford, CT
Vacancy
23.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,500
Cap Rate 7%
$647,500
Cap Rate 9%
$503,611
Alternative Uses
Best Use
Office B
$647.5K
$566.6K – $755.4K
NOI $45,325 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$563.2K
$492.8K – $657.0K
NOI $39,422 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$871.0K
$762.1K – $1.02M
NOI $60,968 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,397
Businesses Nearby
Explore this area
Business Placement
Demographics for 06118, CT
26,844
Population
11,656
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,712
Density / Sq Mi
$75,523
Median Household Income
$40,595
Median Earnings
$1,259
Median Rent
$213,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing property with high visibility and development potential.
Where is this mixed-use property located?
The property is located at 110 Main St East Hartford, CT.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: High‑performing income property with a strong NOI of $49,278 and a 9% cap rate, offering immediate cash flow.; Prime commercial zoning allows for a wide range of uses: office, retail, residential income, or professional services.; Exceptional exposure with very high daily traffic counts, ideal for business visibility and signage.
