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    OFF-MARKET
    Industrial properties

    19-33 Lafayette St, Hartford, CT 06106

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    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Permitted uses
    Allowed · conditional · prohibited
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