Office Building with Finished
New
For Sale
$799,000
248 Hudson, Hartford, CT 06106
Multiple vacant floors accompany a finished basement linked to the first-floor unit.
Property Size1,900 SF
Days on Market4
Property Features for 248 Hudson
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Commercial
Lease Term
Listing ID: 24215614, Standard Status: Active, MLS Status: Active, 2 days on market
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
Five Stars Realty
(860) 560-1500
Listed By:
Guillermo Araujo · License #REB.0794500
(860) 794-5353
Source:
Iverty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 3:33PM
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
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Investment Insights
Based on property information with market context.
This Hartford office building, constructed in 1900, has one occupied floor and vacant space on the remaining floors. A finished basement connects directly to the first-floor unit, providing additional interior space within the property.
At 248 Hudson Street, the building is near the Connecticut State Capitol, Bushnell Park, The Bushnell Performing Arts Center, and downtown Hartford’s restaurants, shops, and business district. Access to I-84, I-91, and public transportation serves the property.
At 248 Hudson Street, the building is near the Connecticut State Capitol, Bushnell Park, The Bushnell Performing Arts Center, and downtown Hartford’s restaurants, shops, and business district. Access to I-84, I-91, and public transportation serves the property.
Key Highlights
- One floor is occupied; the remaining floors are vacant
- Finished basement connected to the first‑floor unit
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,472
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,440
$589.4K
Cap Rate 7%
$421,029
$421.0K
Cap Rate 9%
$327,467
$327.5K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$51.3K $27.00/SF
− Vacancy
−$12.0K −$6.32/SF
EGI
$39.3K $20.68/SF
− OpEx
−$9.8K −$5.17/SF
NOI
$29.5K $15.51/SF
Area
Hartford, CT
Vacancy
23.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,440
Cap Rate 7%
$421,029
Cap Rate 9%
$327,467
Alternative Uses
Best Use
Office B
$421.0K
$368.4K – $491.2K
NOI $29,472 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.3K
$495.6K – $660.7K
NOI $39,644 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,185
Businesses Nearby
Explore this area
Business Placement
Demographics for 06106, CT
38,036
Population
16,938
Households
2.2
Avg Household Size
33
Median Age
17%
College-Educated
70%
High-School Grad
4.2 sq mi
ZIP Area
9,056
Density / Sq Mi
$47,542
Median Household Income
$31,395
Median Earnings
$1,237
Median Rent
$201,600
Median Home Value
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Market
Vacancy Rate% for Office in Hartford, CT
Frequently Asked Questions
What type of property is this?
Office building - Multiple vacant floors accompany a finished basement linked to the first-floor unit.
Where is this office building located?
The property is located at 248 Hudson Hartford, CT.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: One floor is occupied; the remaining floors are vacant; Finished basement connected to the first‑floor unit; Built in 1900
