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Property profile & analytics
OFF-MARKET
Specialty properties

338 Asylum St Hartford, CT 06103

Property ID
Property summary
AI-generated overview

Two exceptional commercial lease opportunities are available in a vibrant downtown Hartford location at 338 Asylum Street, within the Bond Residences building. This mixed-use building boasts 116 apartments and a stunning top-floor banquet hall, ensuring high foot traffic and a strong surrounding population. The property benefits from its proximity to the XL Center (currently undergoing extensive renovations), Hartford Union Station, and several luxury apartment complexes. Both spaces are ideal for retail, office, or restaurant uses. A new retail/reception area is currently under construction on the ground floor. Only two spaces remain. Space #1 encompasses nearly 7200 square feet across two floors, offering a unique, almost standalone feel. While requiring renovations, this space features an unused pool and locker room, presenting a fantastic opportunity for a fitness center or similar use. An Asylum Street entrance will need to be constructed. Space #2, a single-level space of approximately 2000 square feet, features impressive cathedral ceilings and built-in balconies. Previously a restaurant, this space offers a blank canvas for a stunning transformation. Both spaces are virtually cleared out, with the landlord actively completing the clearing process. These are exceptional opportunities to establish a presence in a thriving downtown Hartford location.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Bond Residences Apartment Building
  • Bond Ballroom Wedding Service
  • Hatha Yoga and Fitness Alternative Medicine Practice Spa & Massage Center
  • Hartford Fetish Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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