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Restaurant Space in Downtown Hartford
For Lease
$17 SF/Yr

50 Morgan St, Hartford, CT 06120

Restaurant space for lease in Downtown North, Hartford.

Space SizeContact for details
Lot Size1.92 Acres
Days on Market164

Property Features for 50 Morgan St

General Information

Standard status Active
Lot size 1.92 Acres
Property subtype Commercial

Building Details

Year Built 1972
Listing Agency: Pioneer CRE
Listed By: Paul Bongiorni · License #9575704
Source: Elliman
Added: Mar 11 Changed: Jul 6 Last Checked: Aug 20 at 10:58AM

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 Pioneer CRE

Investment Insights

Based on property information with market context.

Restaurant space is available for lease in the Downtown North section of Hartford. The space is centrally located, steps from Dunkin' Park, home of the Hartford Yard Goats baseball team, and conveniently positioned directly off I-84 and I-91. It sits prominently on the ground level of The Millennium Building, a recently renovated, 18-story apartment complex. The space is approximately 7,647 square feet with a private entrance, several large bar/seating areas, and a large kitchen with a hood and walk-in coolers. The space can potentially be divided to approximately 4,900 square feet. The restaurant has the opportunity to serve a wide range of customers, including employees from neighboring office towers, building residents, and Dunkin' Park/Xfinity Theater event goers. It is in close proximity to other state capitol attractions like the Connecticut Science Museum, the State Capitol Building, and the Wadsworth Atheneum Museum of Art. This location is suitable for a restaurant concept in the growing Downtown North area.

Key Highlights

  • Prime location in Downtown North Hartford, steps from Dunkin' Park.
  • Located in The Millennium Building, a recently renovated, 18‑story apartment complex.
  • Convenient access directly off I‑84 and I‑91.

Property Analytics

Current Use

Red Lion Garage ... Parking Lot & Garage Apartments Hartford CT Apartment Building The Millennium Apartment Complex

Suggested Use

Top Pick Storage Facility Furniture & Home Goods Bakery Veterinary Clinic (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,687
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 44% Hotels & Casinos 39% Shops & Services 17%
Dunkin' Donuts Dining
8,568 visits/mo 0.4 miles
Residence Inn Hartford Downtown Hotels & Casinos
5,281 visits/mo 0.2 miles
Citgo Shops & Services
4,262 visits/mo 0.3 miles
Hartford Marriott Downtown Hotels & Casinos
3,537 visits/mo 0.5 miles
Dunkin' Donuts Dining
2,614 visits/mo 0.3 miles

Demographics for 06120, CT

12,636
Population
5,713
Households
2.2
Avg Household Size
32
Median Age
9%
College-Educated
73%
High-School Grad
3.5 sq mi
ZIP Area
3,610
Density / Sq Mi
$33,521
Median Household Income
$35,570
Median Earnings
$1,183
Median Rent
$183,000
Median Home Value

Market

Lease Benchmarks for Hartford, CT

$15.83 /SF/Yr
Avg Asking Price
$13–$17 /SF/Yr
Price Range
18,190 SF
Avg Space Size

This space is priced 7% above the average of $15.83 /SF/Yr.

Vacancy Rate% for Retail in Hartford, CT

7.8% 2020
7.1% 2021
6.4% 2022
6.8% 2023
7.1% 2024
7.1% 2025
Rey
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Similar Off Market Nearby

  • the catered spoon 36 Russ St 3D Floor#337, Hartford, CT 06106
  • 60 Charter Events L.L.C 60 Charter Oak Ave, Hartford, CT 06106
  • The Rustic Bite 59 Hungerford St, Hartford, CT 06106

Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant space for lease in Downtown North, Hartford.
Where is this restaurant located?
The property is located at 50 Morgan St Hartford, CT.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Prime location in Downtown North Hartford, steps from Dunkin' Park.; Located in The Millennium Building, a recently renovated, 18‑story apartment complex.; Convenient access directly off I‑84 and I‑91.
More about this property
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