142 Mather StHartford, CT 06120

Property Details for 142 Mather St

Year built

1915

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

2,621 SF

Zone code

NX-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

HTFD M:220 B:230 L:195

APU

HTFDM220B230L195

Description

This exceptional mixed-use property at 142 Mather Street in Hartford, Connecticut, presents a unique investment opportunity. The 2,621 square foot building is situated in the Capitol County, offering convenient access to downtown Hartford and major highway arteries. Currently configured as a two-unit building, the ground floor houses a convenience store, while the second floor comprises a three-bedroom residential apartment. The property boasts four off-street parking spaces, a significant advantage in this location. While the building has undergone some recent updates, it does require some additional work, presenting a chance for value enhancement through renovations and improvements. The property's mixed-use nature, combining commercial and residential components, provides diverse income potential and flexibility for future development. This is a rare opportunity to acquire a well-located mixed-use building in a growing area of Hartford, offering strong potential for both immediate income and long-term appreciation. The property is zoned for commercial and manufacturing use, providing versatility for future tenants or owners. The asking price is $200,000. The property's address is 142 Mather Street, Hartford, CT 06120.

• CAP approach

  CAP return

  Valuation

  6%

  $433,330

  6.5%

  $399,997

  7%

  $371,425

• Comparable approach

  Method

  Valuation

  Relative Method

  $342,460

  Geo Method

  $342,460

• Alternative Use

  Use

  Valuation

  Residential

  $495,996

  Hospitality

  $454,329

  Educational

  $377,997

  Medical

  $390,997

  Retail

  $587,995

Location Insight

City

Hartford

County

Hartford

State

Connecticut

Latitude

41.78

Longitude

-72.6826

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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