Detached Auto Shop
For Sale
$690,000
524 Wethersfield Ave, Hartford, CT 06114
Rear-lot commercial building paired with a front single-family residence on one parcel, with NX-2 zoning and Hartford access.
Property Size3,500 SF
Price / SF$197.14
Days on Market96
Property Features for 524 Wethersfield Ave
General Information
Standard status
Active
Size
3,500 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1991
Buildings
2
Listing Agency:
Hudson Home Services LLC
Listed By:
Jose Acosta · License #RES.0809619
(860) 982-0821
Source:
Homesbyshoshana
Added: Jul 10
Changed: Oct 12
Last Checked: Oct 7 at 1:48PM
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 Hudson Home Services LLC
Investment Insights
Based on property information with market context.
The offering includes a detached commercial building positioned behind a single-family residence on the same parcel. Constructed in 1991, the commercial structure is currently used for a tire service operation, which will relocate before closing; the operating business, inventory, equipment, and goodwill are excluded. The property is zoned NX-2, and future occupancy or changes in use remain subject to applicable zoning and local requirements.
The parcel is at 524 Wethersfield Avenue in Hartford’s South End, with access to downtown Hartford, major highways, and nearby business districts. The commercial building and residence are being conveyed together rather than as separate components. A companion residential listing, MLS# 24183052, provides additional information about the front home.
The parcel is at 524 Wethersfield Avenue in Hartford’s South End, with access to downtown Hartford, major highways, and nearby business districts. The commercial building and residence are being conveyed together rather than as separate components. A companion residential listing, MLS# 24183052, provides additional information about the front home.
Key Highlights
- Detached commercial building behind a single‑family residence on the same parcel
- Built in 1991 and zoned NX‑2
- Currently occupied by an owner's tire service business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,625
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,500
$892.5K
Cap Rate 7%
$637,500
$637.5K
Cap Rate 9%
$495,833
$495.8K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$84.0K $24.00/SF
− Vacancy
−$12.6K −$3.60/SF
EGI
$71.4K $20.40/SF
− OpEx
−$26.8K −$7.65/SF
NOI
$44.6K $12.75/SF
Area
Hartford, CT
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,500
Cap Rate 7%
$637,500
Cap Rate 9%
$495,833
Alternative Uses
Best Use
Mixed Use
$637.5K
$557.8K – $743.8K
NOI $44,625 @ 7.0% cap · market cap 6.47%
Second Best
Retail
$565.1K
$494.5K – $659.3K
NOI $39,558 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$1.04M
$912.9K – $1.22M
NOI $73,028 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,301
Businesses Nearby
83k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 38%
Electronics 2%
Home Improvements & Furnishings 2%
Wendy's
Dining
14,676 visits/mo
0.4 miles
Burger King
Dining
12,283 visits/mo
0.3 miles
Family Dollar
Shops & Services
10,435 visits/mo
0.3 miles
Sunoco
Shops & Services
7,594 visits/mo
0.3 miles
Dollar General
Shops & Services
6,698 visits/mo
0.2 miles
Demographics for 06114, CT
26,257
Population
11,206
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
4.0 sq mi
ZIP Area
6,564
Density / Sq Mi
$47,905
Median Household Income
$31,996
Median Earnings
$1,296
Median Rent
$228,300
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 Hartford, CT
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Similar Off Market Nearby
- Reno's Auto Body & Repair Inc — 99 Hanmer St, Hartford, CT 06114
- Pope Park Automotive Llc — 99 Hanmer St F, Hartford, CT 06114
- Mecca Auto Sales And Repairs — 585 Franklin Ave, Hartford, CT 06114
- Cadasse Auto Tinting LLC — 54 Bolton St, Hartford, CT 06114
- Pierce Buick — 599 Franklin Ave, Hartford, CT 06114
Frequently Asked Questions
What type of property is this?
Auto shop - Rear-lot commercial building paired with a front single-family residence on one parcel, with NX-2 zoning and Hartford access.
Where is this auto shop located?
The property is located at 524 Wethersfield Ave Hartford, CT.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Detached commercial building behind a single‑family residence on the same parcel; Built in 1991 and zoned NX‑2; Currently occupied by an owner's tire service business
