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    Automotive Shop with Paint Room Title is generated by Realmo AI

    241 Ledyard Street #B1, Hartford, CT 06114

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    For Sale
    $350,000

    Automotive shop for sale, includes paint room and tools.

    Type:Commercial
    Property size:
    2,580 SF
    Price / SF:
    $135/SF
    Added:
    Aug 15, 2025
    Days on Market:
    294
    Last Refresh:
    Apr 5 at 9:18 pm

    Property Features for 241 Ledyard Street #B1

    General Information

    Standard status
    Active
    Size
    2,580 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1987

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    Listing Contact
    DANIEL ALVARADO

    Listing agent DANIEL ALVARADO License #RES.0787079

    Listing office Executive Real Estate Inc.

    Listing date Aug 15, 2025

    Source Corcoran

    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 Executive Real Estate Inc.

    HighLights

    • Good investment opportunity.
    • Includes paint room.
    • Includes compressor.
    • Includes frame tools.
    • Year Built: 1987

    Overview

    This commercial property, suitable for auto shops, automotive businesses, and retail, offers a good investment opportunity. The property size is 2580 square feet. It includes a paint room, compressor, and frame tools.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $46.4k $18.00
    − Vacancy −$4.8k −$1.85
    EGI $41.7k $16.15
    − OpEx −$12.5k −$4.84
    NOI $29.2k $11.30
    2,580 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $416.6K
    $364.5K – $486.0K (±1% cap)
    NOI $29,160 @ 7.0% cap · market cap 8.33%
    Second Best
    Industrial
    $415.5K
    $363.5K – $484.7K (±1% cap)
    NOI $29,082 @ 7.0% cap · market cap 8.31%
    Theoretical Best
    Office A
    $769.0K
    $672.9K – $897.2K (±1% cap)
    NOI $53,832 @ 7.0% cap · market cap 15.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    GimaSport Production Facility BRYM Auto llc Car Dealership Kevin's Auto Body Auto Repair Shop Emergency Dentist Hartford Dental Office Aldo's Auto Repair Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Mecca Auto Sales And Repairs 585 Franklin Ave, Hartford, CT 06114
    • Pope Park Automotive Llc 99 Hanmer St F, Hartford, CT 06114
    • Pierce Buick 599 Franklin Ave, Hartford, CT 06114
    • Cadasse Auto Tinting LLC 54 Bolton St, Hartford, CT 06114
    • Reno's Auto Body & Repair Inc 99 Hanmer St, Hartford, CT 06114

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6706
    Latitude
    41.7418

    FAQs

    What type of property is this?
    Auto shop - Automotive shop for sale, includes paint room and tools.
    Where is this auto shop located?
    The property is located at 241 Ledyard Street #B1 Hartford, CT.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Good investment opportunity.; Includes paint room.; Includes compressor.
    More about this property
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