100 Weston St, Hartford, CT 06120-1504
- Motels
- 37,526 SF
- 2.49 lot acres
Current Use by Public Records
- Travel Inn Motel / Hotel & Motel
Property Details for 100 Weston St
- Year built
- 1975
- Construction
- FRAME
- Lot size
- 2.49 lot acres
- Zone code
- ID-1
- Property type
- Motels
- APN
- HTFD M:286 B:129 L:005
- APU
- HTFDM286B129L005
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 17, 2016 | $2,600,000 | Skdj Hospitality LLC | Kp Financials LLC | Warranty Deed | $2.5M · Savoy Bank |
| Aug 26, 2008 | $2,500,000 | Kp Financial LLC | Motel 6 Operating LP | Warranty Deed | $1.9M · Windsor Fsla |
Description
This exceptional investment opportunity presents the Travel Inn, a 109-key motel situated on a 2.49-acre lot in Hartford, Connecticut. Boasting 49,088 square feet across three, two-story buildings, this property offers significant upside potential. The motel features 120 parking spaces, a main lobby, office unit, owner/manager suite, and laundry facilities. Built in 1975 and extensively renovated in 2023, the property includes updated HVAC units, water heaters, furnishings, roofing, and landscaping. Currently operating independently, the Travel Inn enjoys a prime location near I-91, minutes from downtown Hartford, and close to major attractions including the Xfinity Theater and Dunkin' Donuts Stadium. The property's current occupancy is 46%, with an average daily rate of $80-$90, yielding a 9.5% cap rate and a NOI of $573,658. Pro forma projections indicate a 12.47% cap rate and a NOI of $748,161. The asking price is $6,000,000, translating to $122.23 per square foot and $55,045.87 per key. Zoned ID-1, this property presents diverse redevelopment possibilities, including conversion to offices, group living facilities, or other community uses. Financial details are available upon request.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $925,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $699,000
Market price range: $630k - $2.76M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hartford
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.6615
- Latitude
- 41.7882
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
