18 Tobey St West Hartford, CT 06119
General Business District (BG). The purpose of this district is to provide areas for the development of such commercial uses which are considered necessary to serve the residents and businesses of the Town but incompatible with the functions of the other business districts. Wholesaling, storage and other uses which do not normally attract the general public…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
BG · West Hartford, CTGeneral Business District (BG). The purpose of this district is to provide areas for the development of such commercial uses which are considered necessary to serve the residents and businesses of the Town but incompatible with the functions of the other business districts. Wholesaling, storage and other uses which do not normally attract the general public and automobile sales and services are the characteristic uses of this district. Recognizing historical development patterns and the desire to promote mixed uses which will bring vitality to business districts after the end of the traditional work day, the permitted uses of the Central Business Districts are also permitted in the General Business Districts. Additionally, while ground floors are to be reserved for permitted commercial uses, dwelling units are permitted on upper floors. (6) Central Business District (BC) and Central Business District-High Intensive (CBDH). The purpose of these districts is to encourage the concentration of a wide variety of stores, services and activities, including large stores offering comparison shopper's goods, specialty stores, business services, banks, offices, theaters, hotels and government buildings. This area serves all areas of West Hartford as well as surrounding communities. The use of land is intensive, and this intensity of use is one of the main determinants of the vitality of the Central Business District. Pedestrian-oriented uses are encouraged on the street level to ensure this intensity of use. Residences, professional offices and other uses compatible with the retail nature of the Central Business District are permitted, although it is recommended that these uses occur on upper floors of buildings. The Central Business District-High Intensive designation is to be applied to areas adjoining the Central Business District where more dense development can take place than in the BC Zone. Factors relevant to the designation of the CBDH Zone are the nature of the land uses surrounding the proposed zone, the presence of infrastructure to support a more intensive use, especially parking facilities and traffic control capabilities, and the Plan of Development's determination that the scale of West Hartford Center itself not be changed. (7)
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.