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    430 New Park Ave West Hartford, CT 06110

    Sponsored
    For Lease
    $18 SF/Yr

    2-Story Office Building, Ample Parking

    Lot size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 22,000-square-foot creative office building at 430 New Park Avenue in West Hartford, CT, presents a unique investment opportunity. Built in 1986 and extensively renovated in 2017, this Class B property offers a single-tenant occupancy of 6,000 square feet, with flexible space planning options to accommodate various business needs. The building features a two-story design, with the first floor boasting high ceilings, perfect for retail or a loft-style office environment. Ample on-site parking is provided, with approximately 7 spaces available per 1,000 square feet of leased space, catering to higher-density tenants. Conveniently located along the CTFastrak bus line, adjacent to the Flatbush Avenue Station, this property benefits from excellent public transportation access. Its prime location in West Hartford's Design District, situated on the West Hartford/Hartford line, places it within a thriving neighborhood experiencing significant growth, including new retail and residential developments. The property's easy access to Interstate 84 ensures convenient commutes for employees and clients alike. Recent property enhancements have been completed by the on-site owners and management, ensuring a well-maintained and updated space. The 06110 zip code adds to its desirability. This is a rare chance to acquire a well-positioned, upgraded office building in a rapidly developing area.

    Property Features for 430 New Park Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,000 SF
    Class
    B
    Total Rate
    33916.67

    Building Details

    Year Built/Renovated
    1986/2017
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    6,000 SF
    Rate per SF
    $18

    HighLights

    • 22,000 SF creative office building in West Hartford, CT.
    • Class B property, built in 1986, extensively renovated in 2017.
    • Single‑tenant occupancy (6,000 SF) with flexible space planning.
    • High ceilings on the first floor, ideal for retail or loft office.
    • Ample on‑site parking (7 spaces per 1,000 SF).
    • Excellent public transportation access via CTFastrak bus line and proximity to Flatbush Avenue Station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Summit Technologies, Inc. Software Company John Hodgkins | Fairway ... Mortgage Lender The Townsend Team at Fairway ... Mortgage Lender State Street Marketing Marketing Agency Ct Glam Cam ... Party Equipment Rental Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7151662
    Latitude
    41.743896

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    FAQs

    What type of property is this?
    Office space - 2-Story Office Building, Ample Parking
    Where is this office space located?
    The property is located at 430 New Park Ave West Hartford, CT.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 22,000 SF creative office building in West Hartford, CT.; Class B property, built in 1986, extensively renovated in 2017.; Single-tenant occupancy (6,000 SF) with flexible space planning.
    Request Owner's contact information
    430 New Park Ave West Hartford, CT 06110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    430 New Park Ave West Hartford, CT 06110
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