1541-1545 Main StEast Hartford, CT 06108

Property Details for 1541-1545 Main St

Year built

1900

Construction

FRAME

Lot size

0.25 AC

Property size (Sq ft)

2,350 SF

Zone code

B-1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

EHAR M:14 L:287

APU

EHARM14L287

Description

This exceptional investment opportunity presents two units totaling 2,350 square feet at 1541-1545 Main Street in East Hartford, Connecticut, 06108. The property, known as the RED ROOM CAFE, is listed at $400,000 and is currently vacant, with an occupancy date of November 3rd, 2024. Built in 1900 and extensively renovated in 2024, this property boasts a prime location on a busy thoroughfare, presenting significant potential for a variety of businesses. The property comprises two units; Unit 1541 previously operated as a bar, while Unit 1545 functioned as a smoke shop. Potential buyers are encouraged to independently investigate parking availability in the area. The property's location within Hartford County offers easy access to major transportation routes and a vibrant local community. This turnkey opportunity is ideal for an entrepreneur seeking a well-positioned establishment in a bustling Connecticut town. The property's recent renovation ensures a modern and functional space, ready for immediate occupancy. The combined square footage of 2,350 provides ample space for a diverse range of business ventures. This is a rare chance to acquire a fully renovated, vacant property in a high-traffic area, poised for immediate success.

• CAP approach

  CAP return

  Valuation

  6%

  $571,132

  6.5%

  $527,199

  7%

  $489,542

• Comparable approach

  Method

  Valuation

  Relative Method

  $773,768

  Geo Method

  $773,768

• Alternative Use

  Use

  Valuation

  Residential

  $444,712

  Hospitality

  $407,354

  Educational

  $338,914

  Medical

  $350,569

  Retail

  $527,199

Location Insight

City

East Hartford

County

Hartford

State

Connecticut

Latitude

41.7796

Longitude

-72.637

CBSA code

25540

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.