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    386 Ledyard St Hartford, CT 06114

    Sponsored
    For Sale
    $3,200,000

    Three leased industrial buildings, high NOI.

    Property size:
    38,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents three industrial buildings totaling approximately 38,000 square feet situated on a 3-acre lot in Hartford, Connecticut. The property, located at 386-400 Ledyard Street, zip code 06114, boasts a strong net operating income (NOI) of $249,452. Built in the 1980s, the buildings feature 16-foot ceiling heights, providing ample vertical space for various industrial uses. Eleven loading docks and three drive-in doors ensure efficient loading and unloading operations. The property also includes ample fenced-in parking for employees and visitors. The buildings are currently leased, providing a stable income stream. The zoning is designated as Industrial, allowing for a wide range of potential uses. The asking price is $3,200,000, representing a compelling 8.61% capitalization rate. This is a rare opportunity to acquire a well-maintained, multi-building industrial portfolio in a desirable location with significant upside potential. The property's strong cash flow and strategic location make it an ideal addition to any investor's portfolio. This offering includes three single-story buildings.

    Property Features for 386 Ledyard St

    General Information

    Property type
    Distribution properties
    Square Feet
    38,000 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    1980
    Buildings
    3
    Stories
    1

    HighLights

    • ±38,000 SF in three industrial buildings on ±3 acres in Hartford, CT.
    • 11 loading docks and 3 drive‑in doors.
    • 16' ceiling heights.
    • Ample fenced parking.
    • 8.61% capitalization rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Connecticut Catalytic Converters ... Auto Parts Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6675365
    Latitude
    41.7368242

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    FAQs

    What type of property is this?
    Distribution property - Three leased industrial buildings, high NOI.
    Where is this distribution property located?
    The property is located at 386 Ledyard St Hartford, CT.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: ±38,000 SF in three industrial buildings on ±3 acres in Hartford, CT.; 11 loading docks and 3 drive-in doors.; 16' ceiling heights.
    Request Owner's contact information
    386 Ledyard St Hartford, CT 06114
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    Hartford, CT 06114
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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
    386 Ledyard St Hartford, CT 06114
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