Freestanding Storefront
For Sale
$649,000
1231 Main St, East Hartford, CT 06108
Gas heat and air conditioning support retail, office, restaurant, and professional-service use.
Property Size2,301 SF
Lot Size0.43 Acres
Price / SF$282.05
Days on Market47
Property Features for 1231 Main St
General Information
Standard status
Active
Size
2,301 SF
Total Parking Spaces
40
Lot size
0.43 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Five Stars Realty
Listed By:
Guillermo A. Araujo · License #REB.0794500
(860) 794-5353
Source:
Elliman
Added: Sep 12
Changed: Oct 27
Last Checked: Oct 28 at 10:01AM
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 Five Stars Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding commercial building contains approximately 2,301 SF on a 0.43-acre parcel and includes approximately 40 parking spaces. Building systems include gas heat and air conditioning, while the property’s configuration supports potential retail, office, restaurant, and professional-service applications. Future residential development may also be possible, subject to zoning and municipal approvals.
The property is located at 1231 Main Street in East Hartford, near Burnside Avenue and Route 44. Access to I-84 and I-291 connects the site with Hartford and surrounding communities. Local businesses, restaurants, services, and recreational areas are located nearby. The property was built in 1965 and offers a freestanding commercial setting with on-site parking.
The property is located at 1231 Main Street in East Hartford, near Burnside Avenue and Route 44. Access to I-84 and I-291 connects the site with Hartford and surrounding communities. Local businesses, restaurants, services, and recreational areas are located nearby. The property was built in 1965 and offers a freestanding commercial setting with on-site parking.
Key Highlights
- Approximately 2,301 SF on 0.43 acres
- Approximately 40 parking spaces
- Freestanding building at 1231 Main Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,006
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,120
$520.1K
Cap Rate 7%
$371,514
$371.5K
Cap Rate 9%
$288,956
$289.0K
Market Conditions
NOI Build-Up for 2,301 SF
Gross rent
$41.4K $18.00/SF
− Vacancy
−$4.3K −$1.85/SF
EGI
$37.2K $16.15/SF
− OpEx
−$11.1K −$4.84/SF
NOI
$26.0K $11.30/SF
Area
Hartford, CT
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,120
Cap Rate 7%
$371,514
Cap Rate 9%
$288,956
Alternative Uses
Best Use
Retail
$371.5K
$325.1K – $433.4K
NOI $26,006 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$685.9K
$600.1K – $800.2K
NOI $48,010 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Groceries 23%
Dining 4%
Electronics 3%
Key Food
Groceries
10,851 visits/mo
0.3 miles
Citgo
Shops & Services
8,825 visits/mo
0.2 miles
Dollar General
Shops & Services
7,549 visits/mo
0.2 miles
AutoZone
Shops & Services
4,560 visits/mo
0.3 miles
M&T Bank
Shops & Services
4,307 visits/mo
0.3 miles
Demographics for 06108, CT
24,201
Population
9,963
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
85%
High-School Grad
8.1 sq mi
ZIP Area
2,988
Density / Sq Mi
$55,766
Median Household Income
$35,801
Median Earnings
$1,161
Median Rent
$218,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- BUettner flower shop — 1429 Main St, East Hartford, CT 06108
Frequently Asked Questions
What type of property is this?
Storefront property - Gas heat and air conditioning support retail, office, restaurant, and professional-service use.
Where is this storefront property located?
The property is located at 1231 Main St East Hartford, CT.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Approximately 2,301 SF on 0.43 acres; Approximately 40 parking spaces; Freestanding building at 1231 Main Street
