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    205 Retreat Ave Hartford, CT 06106

    Sponsored
    For Sale
    $489,000

    Prime location, 3,282 SF, 12 units

    Property size:
    3,282 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story office building, located at 205 Retreat Ave in Hartford, Connecticut, presents a unique investment opportunity. Boasting 3,282 square feet of space, the property is zoned MX-1 and sits on a 0.18-acre dry, sloping lot. Built in 1920, the building features 12 units and offers a blend of residential and office space, previously used as a rooming house and office. The office area comprises approximately 1,000 square feet, while the residential area encompasses roughly 2,282 square feet. The property benefits from a sprinkler system and enjoys a highly convenient downtown Hartford location, within walking distance of a hospital. The assessed value is $217,140, with property taxes totaling $16,131 for the tax year July 2022-June 2023, reflecting a total mil rate of 74.290. This versatile property offers significant potential for various uses and is priced at $489,000. The building's Class C designation and its history as both a rooming house and office space provide a unique opportunity for a savvy investor to capitalize on its potential. The property's central location and proximity to essential services make it an attractive proposition for a wide range of potential buyers. This is a rare chance to acquire a well-situated, multi-use building in a thriving Connecticut city.

    Property Features for 205 Retreat Ave

    General Information

    Property type
    Office space
    Square Feet
    3,282 SF
    Class
    C
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1920
    Stories
    3
    Units
    12

    HighLights

    • 2,282 SF of residential space.
    • 1,000 SF of office space.
    • 3,282 SF total building area.
    • Property taxes: $16,131 (July 2022 - June 2023).
    • 0.18‑acre dry, sloping lot.
    • Total mil rate: 74.290.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6822459
    Latitude
    41.7518177

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    FAQs

    What type of property is this?
    Office space - Prime location, 3,282 SF, 12 units
    Where is this office space located?
    The property is located at 205 Retreat Ave Hartford, CT.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: 2,282 SF of residential space.; 1,000 SF of office space.; 3,282 SF total building area.
    Request Owner's contact information
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    Hartford, CT 06106
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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
    205 Retreat Ave Hartford, CT 06106
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