Property profile

199 Oakwood Ave West Hartford, CT 06119

OFF-MARKET
Showrooms
Property ID
US15-1040152
9,178 SF 0.51 ac lot Built 1966
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This three-story, 9,768-square-foot office building in West Hartford, Connecticut, is available for sale or lease. Built in 1966 and situated on a 0.51-acre lot, the property features a recently installed roof and ample parking with 36 spaces. The building is zoned BN and offers flexible space options, with a minimum divisible unit of 3,256 square-foot and the potential for a single tenant to occupy the entire 9,768 square feet. Utilities include a 200-amp, 3-phase power system. While there are no elevators, the building's location offers excellent accessibility, being only one-third of a mile from I-84 Exit 44. The property's versatile zoning allows for a variety of uses, including general office space, church, daycare center, therapy and wellness practices, or studio space. Property taxes are $2.50 per square foot. This is a prime opportunity for businesses seeking a well-located, adaptable office space in a thriving Connecticut community. The entire building is currently vacant.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1966
Construction STEEL FRAME
Total area 9,178 SF
Lot 0.51 ac (22,059 SF)
Zoning code BN
APN WHAR M:H11 B:3961 L:199
UPID US15-1040152

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Radio Station Telecommunications Service
  • Alternative Medicine Practice
  • Church
  • Consultant
  • Building Supply Hardware & Home Improvement

Location

199 Oakwood Ave West Hartford, CT 06119-2150
West Hartford metro Census 496700 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
$739k
Blend (final) Blend
$460k

Owner & transaction history

since 2023
Last sale
$640,000
4 recorded transactions
2023
$640,000
2016
Price N/A
2015
Price N/A
1987
$600,000

Zoning & alternative use

BN · West Hartford, CT
Zoning description

Neighborhood Business District (BN) and Neighborhood Business Design District (BND). The purpose of these districts is to provide convenience goods and services for the neighboring residential areas. Accordingly, the com…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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