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    338 Asylum St Hartford, CT 06103

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    For Lease
    $10 SF/Yr ($1,666 /Mo)

    Two commercial spaces for lease in downtown Hartford.

    Property size:
    2,000 SF
    Lot size:
    1.91 Acres

    Property Features for 338 Asylum St

    General Information

    Size
    2,000 SF
    Lot size
    1.91 Acres

    Source: BHHS - New England Properties | Glastonbury Agent Jason Diaz

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

    Overview

    Downtown Hartford Commercial Space Available

    Two commercial lease opportunities are available in a downtown location with heavy foot traffic and a strong nearby population. The properties are near the XL Center, which is undergoing a massive renovation, Hartford Union Station, and several luxury apartment complexes. Both spaces are suitable for retail, office, or restaurant use. Located in the Bond Residences building, a mixed-use building with 116 apartments and a banquet hall, these spaces are part of a new retail/reception area being built out on the bottom floor. One space is approximately 2,000 sq ft on one level, featuring cathedral ceilings and built-in balconies. It was previously a restaurant and can be transformed into a stunning space. The other space is two floors and just under 7200 sq ft, resembling a separate building. An entrance will need to be constructed on Asylum St. This space requires renovations and contains an unused pool and locker room, making it suitable for a gym.
    Location Intelligence

    Current Use by Public Records

    The Bond Residences Apartment Building Bond Ballroom Wedding Venue Hatha Yoga and Fitness Massage Therapist Hartford Fetish Massage Spa

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6792218
    Latitude
    41.7677566

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    FAQs

    What type of property is this?
    Retail space - Two commercial spaces for lease in downtown Hartford.
    Where is this retail space located?
    The property is located at 338 Asylum St Hartford, CT.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic downtown location near XL Center, Union Station, and luxury apartments.; - Versatile spaces suitable for retail, office, or restaurant use.; - Space #1 (approx. 7200 sq/ft) **ideal for a gym with existing pool and locker room.**
    (860) 633-3674
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    338 Asylum St Hartford, CT 06103
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    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
    338 Asylum St Hartford, CT 06103
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