Property summary
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
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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