386 Ledyard St Hartford, CT 06114
- Showrooms
- 22,000 SF
- 1.42 lot acres
Current Use by Public Records
- Connecticut Catalytic Converters & Exhausts / Auto Parts Store
Property Details for 386 Ledyard St
- Year built
- 1979
- Construction
- FRAME
- Lot size
- 1.42 lot acres
- Property size
- 22,000 SF
- Zone code
- ID-1
- Property type
- Showrooms
- APN
- HTFD M:299 B:816 L:020
- APU
- HTFDM299B816L020
Description
This exceptional investment opportunity presents three industrial buildings totaling approximately 38,000 square feet situated on a 3-acre lot in Hartford, Connecticut. The property, located at 386-400 Ledyard Street, zip code 06114, boasts a strong net operating income (NOI) of $249,452. Built in the 1980s, the buildings feature 16-foot ceiling heights, providing ample vertical space for various industrial uses. Eleven loading docks and three drive-in doors ensure efficient loading and unloading operations. The property also includes ample fenced-in parking for employees and visitors. The buildings are currently leased, providing a stable income stream. The zoning is designated as Industrial, allowing for a wide range of potential uses. The asking price is $3,200,000, representing a compelling 8.61% capitalization rate. This is a rare opportunity to acquire a well-maintained, multi-building industrial portfolio in a desirable location with significant upside potential. The property's strong cash flow and strategic location make it an ideal addition to any investor's portfolio. This offering includes three single-story buildings.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $925,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,015,000
- 6.5%
- $835,000
- 7%
- $945,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $900,000
- Geo Method
- $935,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $955,000
- Retail
- $1,025,000
- Mixed-Use
- $820,000
- Hospitality
- $810,000
- Educational
- $770,000
- Residential Income
- $1,030,000
- Energy
- $800,000
- Income-Based Land
- $905,000
- Food Service
- $930,000
Location Insight
- Map
- Local Demand
- City
- Hartford
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.6668
- Latitude
- 41.7365
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
