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    301 Murphy Rd Hartford, CT 06114

    Sponsored
    For Sale
    $5,300,000

    44,000 SF Retail Space, High ROI

    Property size:
    44,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a ±44,000 square foot storefront located at 301 Murphy Road, Hartford, CT 06114. Priced at $5,300,000 ($120.45/SF), this single-story building sits on approximately 4 acres within Hartford's South End Industrial Park, near Brainard Airport. Currently fully leased to four occupants, approximately 20,000 square feet is immediately available for lease or owner-occupancy. The existing space boasts three loading docks and a versatile layout featuring a 50% office and air-conditioned showroom configuration. The property's ID-1 zoning permits a wide range of commercial uses. Its strategic location in a high-demand area, combined with its size and flexible space, offers significant potential for expansion, increased rental income, or immediate occupancy. This prime location near the Brainard Road exit ensures easy access and high visibility, making it an ideal investment for those seeking a strong return in Hartford's thriving commercial market. The property's substantial size and current occupancy provide immediate cash flow and a solid foundation for future growth. Don't miss this chance to acquire a significant commercial asset in a rapidly developing area.

    Property Features for 301 Murphy Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    44,000 SF

    Building Details

    Stories
    1

    HighLights

    • ±44,000 SF storefront at 301 Murphy Road, Hartford, CT 06114.
    • Priced at $5,300,000 ($120.45/SF).
    • Single‑story building on ~4 acres in Hartford's South End Industrial Park, near Brainard Airport.
    • Currently fully leased, with ±20,000 SF immediately available.
    • Features three loading docks, 50% office/showroom space, and ID‑1 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Barrieau Moving & Storage Moving And Storage Service Universal Tile Tile Store Speedy's Cash For Cars Auto Wrecker Floor Designs One Flooring Contractor C N Kitchens ... Plumbing Supply Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply 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
    -72.6567674
    Latitude
    41.7369715

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    FAQs

    What type of property is this?
    Individual retail property - 44,000 SF Retail Space, High ROI
    Where is this individual retail property located?
    The property is located at 301 Murphy Rd Hartford, CT.
    What is the asking price?
    The asking price for this property is $5,300,000.
    What are key features of this property?
    This property features: ±44,000 SF storefront at 301 Murphy Road, Hartford, CT 06114.; Priced at $5,300,000 ($120.45/SF).; Single-story building on ~4 acres in Hartford's South End Industrial Park, near Brainard Airport.
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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
    301 Murphy Rd Hartford, CT 06114
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