Property profile

19-33 Lafayette St Hartford, CT 06106

OFF-MARKET
Industrial properties
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Property summary

AI-generated overview

This exceptional industrial property, located at 19-33 Lafayette Street in Hartford, Connecticut, presents a unique investment opportunity. The substantial 27,000 square foot brick building boasts three levels: a full basement offering ample storage and mechanicals, a first floor currently configured as a workshop, office, showroom, and storage area, and a large second floor with mostly open space, some partitioned rooms, and abundant natural light. A freight elevator and stairwell connect all floors. The property's prime downtown Hartford location places it within easy reach of Parkville Market, Hartford Hospital, Superior Courts, The Capitol, and The Bushnell. The current tenant, an HVAC/AC company, occupies a portion of the building and is open to a sale of their business and inventory along with the real estate, including a potential mentorship for a smooth transition. A leaseback option is also being considered by the seller. The property's versatility allows for continued operation as is, redevelopment, or even demolition and new construction. The asking price for this remarkable asset is $2,000,000, and its diverse potential makes it an attractive proposition for a wide range of investors. The zip code is 06106. A small portion of the second floor is currently rented to an artist on a monthly basis.

Property profile

Verified
Property type Industrial properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

19-33 Lafayette St Hartford, CT 06106
Hartford metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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