Flexible Retail/Office
241 Ledyard Street Hartford, CT 06114
For Sale
$399,000
COMMERCIAL - Hartford, CT
Property Size1,290 SF
Price / SF$309.30
Days on Market107
Property Features for 241 Ledyard Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ID-1
Bathrooms
1
Rooms
Bathroom 1
Standard status
Active
Size
1,290 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2712
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1987
Listing Agency:
Brass Moon Realty
(203) 945-1000
Listed By:
Ben Weinberg · License #RES.0813934
(917) 974-6356
Added: Apr 14
Changed: Jul 26
Last Checked: Jul 29 at 5:06AM
MLS# 24167251
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This versatile commercial property at 241 Ledyard Street offers a flexible interior layout designed to accommodate a range of uses, including retail, office, or light commercial operations. Large windows provide natural light throughout the space, supporting both customer-facing and work-focused environments.
The property is located in Hartford, CT 06114 and is zoned ID-1. Total size is 1,290 square feet, providing a manageable footprint for businesses looking to configure workspaces, customer areas, and/or storage within a single location.
The property is located in Hartford, CT 06114 and is zoned ID-1. Total size is 1,290 square feet, providing a manageable footprint for businesses looking to configure workspaces, customer areas, and/or storage within a single location.
Key Highlights
- Commercial property at 241 Leyard Street in Hartford, suitable for retail, office, or light commercial use
- Built in 1987
- Heating: baseboard with natural gas
Financial Insights For Office B
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 | $34.8k | $27.00 |
| − Vacancy | −$8.2k | −$6.32 |
| EGI | $26.7k | $20.68 |
| − OpEx | −$6.7k | −$5.17 |
| NOI | $20.0k | $15.51 |
1,290 SF · lease $27.00/SF/yr · vacancy 23.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$285.9K
$250.1K – $333.5K
NOI $20,010 @ 7.0% cap · market cap 5.02%
Second Best
Retail
$208.3K
$182.3K – $243.0K
NOI $14,580 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$384.5K
$336.5K – $448.6K
NOI $26,916 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Versatile commercial property with large windows and a flexible interior layout in an ID-1 zoned area.
Where is this retail space located?
The property is located at 241 Ledyard Street Hartford, CT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Commercial property at 241 Leyard Street in Hartford, suitable for retail, office, or light commercial use; Built in 1987; Heating: baseboard with natural gas
