19 Woodland StHartford, CT 06105

Property Details for 19 Woodland St

Year built

1986

Construction

FRAME

Property size (Sq ft)

375 SF

Zone code

MX-2

Property type

Office properties

Property subtype

Other office properties

APN

HTFD M:156 B:312 L:059

APU

HTFDM156B312L059

Description

This exceptional 1,694 square foot medical office condo is ideally situated at 19 Woodland Street, Suite 46, Hartford, CT 06105. Priced at $76,230 ($45 per square foot), this property presents a compelling investment opportunity. Located on the fourth floor, the condo benefits from its proximity to Saint Francis Hospital, ensuring high visibility and convenient access for patients and staff. The building offers ample parking, boasting a ratio of 4.73 spaces per 1,000 square feet, addressing the parking needs of both staff and patients. The strategic location on Woodland Street, a high-traffic area, further enhances its appeal. The property's convenience is amplified by its walkable distance to major retail establishments and restaurants along Farmington Avenue, providing staff and patients with a variety of amenities. Furthermore, its adjacency to other medical office buildings creates a synergistic environment within a well-established medical corridor. This makes it an ideal location for a satellite office or an expansion for an existing practice. The property is a medical office condo, offering the advantages of ownership within a well-maintained building. This turnkey opportunity is perfect for medical professionals seeking a prime location with excellent accessibility and ample parking. The unit is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $61,999

  6.5%

  $57,230

  7%

  $53,142

• Comparable approach

  Method

  Valuation

  Relative Method

  $48,998

  Geo Method

  $48,998

• Alternative Use

  Use

  Valuation

  Residential

  $70,965

  Hospitality

  $65,003

  Educational

  $54,082

  Medical

  $55,942

  Retail

  $84,127

Location Insight

City

Hartford

County

Hartford

State

Connecticut

Latitude

41.7686

Longitude

-72.7022

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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