Corner Storefront with Rear
For Sale
Contact for pricing
593 Farmington Ave, Hartford, CT 06105
Currently occupied by H&R Block and positioned on a city bus route with access to nearby urban centers.
Property Size8,200 SF
Price / SF$0.65
Days on Market187
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Property Features for 593 Farmington Ave
General Information
Standard status
Active
Size
8,200 SF
Total Parking Spaces
15
Additional Details
Corner Location
Yes
Building Details
Year Built
1957
Listing Agency:
Century 21 Galvez
Listed By:
Alex Galvez (646) 326-3146 (646) 326-3146
(646) 326-3146
Source:
Fairfieldcountycthomesearch
Added: Apr 12
Changed: Oct 10
Last Checked: Oct 14 at 11:20PM
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 Century 21 Galvez
Investment Insights
Based on property information with market context.
This corner storefront at 593 Farmington Ave is currently occupied by H&R Block and sits at the intersection of Farmington Ave and Tremont St. The property includes rear off-street parking for up to 15 cars, serving customers, tenants, or residents. Its commercial configuration offers a foundation for continued retail use or other concepts identified for the property, including a supermarket, retail outlet, or potential apartment conversion.
The site is positioned along Farmington Ave in a high-traffic area with exposure to passing vehicles and pedestrians. It is located on the city bus route and near the West Hartford Line, with downtown Hartford and West Hartford Center only minutes away. The corner placement provides access from two intersecting streets and places the storefront within an established urban setting.
The site is positioned along Farmington Ave in a high-traffic area with exposure to passing vehicles and pedestrians. It is located on the city bus route and near the West Hartford Line, with downtown Hartford and West Hartford Center only minutes away. The corner placement provides access from two intersecting streets and places the storefront within an established urban setting.
Key Highlights
- Corner position at Farmington Ave and Tremont St
- Currently occupied by H&R Block
- Rear off‑street parking for up to 15 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,678
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,853,560
$1.9M
Cap Rate 7%
$1,323,971
$1.3M
Cap Rate 9%
$1,029,756
$1.0M
Market Conditions
NOI Build-Up for 8,200 SF
Gross rent
$147.6K $18.00/SF
− Vacancy
−$15.2K −$1.85/SF
EGI
$132.4K $16.15/SF
− OpEx
−$39.7K −$4.84/SF
NOI
$92.7K $11.30/SF
Area
Hartford, CT
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,853,560
Cap Rate 7%
$1,323,971
Cap Rate 9%
$1,029,756
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,678 @ 7.0% cap · market cap 1,748.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $171,093 @ 7.0% cap · market cap 3,228.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,930
Businesses Nearby
65k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 49%
Dunkin' Donuts
Dining
9,559 visits/mo
0.4 miles
Burger King
Dining
8,182 visits/mo
0.2 miles
Bank of America
Shops & Services
7,492 visits/mo
0.1 miles
Sunoco
Shops & Services
6,445 visits/mo
0.2 miles
Mobil
Shops & Services
5,279 visits/mo
0.2 miles
Demographics for 06105, CT
18,803
Population
11,705
Households
1.6
Avg Household Size
37
Median Age
31%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
8,175
Density / Sq Mi
$41,235
Median Household Income
$39,775
Median Earnings
$1,100
Median Rent
$365,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Hartford, CT
Frequently Asked Questions
What type of property is this?
Storefront property - Currently occupied by H&R Block and positioned on a city bus route with access to nearby urban centers.
Where is this storefront property located?
The property is located at 593 Farmington Ave Hartford, CT.
What are key features of this property?
This property features: Corner position at Farmington Ave and Tremont St; Currently occupied by H&R Block; Rear off‑street parking for up to 15 cars
