8 Lowell RdWest Hartford, CT 06119

Property Details for 8 Lowell Rd

Year built

1932

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.32 AC

Property size (Sq ft)

3,552 SF

Zone code

BG

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WHAR M:H8 B:3351 L:8

APU

WHARMH8B3351L8

Description

This exceptional three-story office building, situated on a 0.32-acre lot in West Hartford, Connecticut, presents a unique owner-user opportunity. Boasting 3,552 square feet of space, this property is ideally suited for a variety of professional uses, including but not limited to legal, financial, or therapeutic practices, non-profit organizations, or agencies. Built in 1932, the building offers ample parking with 16 spaces and prominent monument signage ensuring excellent visibility. The property is zoned BG and benefits from convenient access to I-84, Exit 46. The building includes basement storage, adding to its functionality and versatility. The asking price is $674,000, translating to $189.75 per square foot. This multi-tenant building offers a blend of traditional and executive office space, making it an attractive investment in a desirable West Hartford location. The property's size, location, and amenities make it an excellent choice for businesses seeking a well-established presence in a thriving community. This is a rare opportunity to acquire a well-maintained, established office building in a highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $863,260

  6.5%

  $796,855

  7%

  $739,937

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,169,543

  Geo Method

  $1,169,543

• Alternative Use

  Use

  Valuation

  Residential

  $672,177

  Hospitality

  $615,711

  Educational

  $512,264

  Medical

  $529,882

  Retail

  $796,855

Location Insight

City

West Hartford

County

Hartford

State

Connecticut

Latitude

41.7636

Longitude

-72.7166

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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