1795 Broad StHartford, CT 06114

Property Details for 1795 Broad St

Year built

1986

Construction

STEEL FRAME

Lot size

0.23 AC

Property size (Sq ft)

5,148 SF

Zone code

MS-3

Property type

Retail properties

Property subtype

Auto shops

APN

HTFD M:207 B:644 L:020

APU

HTFDM207B644L020

Description

This exceptional investment opportunity presents a 5,148 square foot flex space located at 1795 Broad Street in Hartford, Connecticut. The property, built in 1986, features a new seven-year triple net (NNN) lease with a highly-rated (AA- by Fitch) tenant, Trinity Health of New England, ensuring strong financial stability. The two-story brick building benefits from a prime location near major highways and Trinity College, offering excellent visibility and accessibility. The space includes two loading docks and ample surface parking (20+ spots). High ceilings and MS-3 zoning provide versatility for various commercial uses. The property's strong location is supported by demographic data indicating a population of 257,000 within a five-mile radius and an average household income exceeding $106,000. This presents a compelling value-add opportunity in a growing area with increasing property values. The asking price is $790,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,251,144

  6.5%

  $1,154,902

  7%

  $1,072,409

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,695,047

  Geo Method

  $1,695,047

• Alternative Use

  Use

  Valuation

  Residential

  $974,203

  Hospitality

  $892,365

  Educational

  $742,437

  Medical

  $767,970

  Retail

  $1,154,902

Location Insight

City

Hartford

County

Hartford

State

Connecticut

Latitude

41.7443

Longitude

-72.6875

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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