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    534 Hazard Ave Enfield, CT 06082

    For Sale
    $2,600,000

    Multi-parcel commercial and residential package with redevelopment potential in Enfield.

    Building Details

    Year built
    1945

    Source: Coldwell Banker Realty Agent Jessica Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Enfield Commercial and Residential Package

    This multi-parcel commercial and residential package is available in Enfield's Scitico neighborhood. The sale includes a +/-1,296 SF commercial garage building and a two-family house, with the potential sale of an additional adjacent two-family house and a barn. The property offers redevelopment potential and good exposure at the intersection of CT Routes 190 and 191. Located across from Dunkin' Donuts Plaza and Scitico Plaza, the site captures over 15,000 AADT on Route 190 and an additional 5,000+ cars on Route 191. The property is also visible from Taylor Road, a connector to East Longmeadow, MA, and area industrial parks. It is located minutes from I-91, Enfield shopping centers, and the proposed Enfield Square luxury apartment/mixed-use redevelopment. This presents an opportunity for an investor or a retailer targeting the Northern CT market, with many usage possibilities. The owner will consider selling parcels separately.
    Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Enfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5155699
    Latitude
    41.9845093

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    FAQs

    What type of property is this?
    Parking lot & garage - Multi-parcel commercial and residential package with redevelopment potential in Enfield.
    Where is this parking lot & garage located?
    The property is located at 534 Hazard Ave Enfield, CT.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - High-traffic location at the intersection of CT Routes 190 and 191 with 15,000+ AADT on Rt. 190 and 5,000+ on Rt. 191.; - Multi-parcel package including a commercial garage and a two-family house, with potential to acquire an additional two-family house and barn.; - Redevelopment potential in Enfield's Scitico neighborhood.
    (413) 301-4051
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    534 Hazard Ave Enfield, CT 06082
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    Enfield, CT 06082
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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
    534 Hazard Ave Enfield, CT 06082
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