245 Locust St Hartford, CT 06114-2017
This ±52,000 square foot industrial facility, situated on ±3.53 acres in Hartford, CT's South End, presents a compelling investment opportunity. Currently, approximately 30,000 square feet of space is available for lease or development, supplementing the income generated by existing long-term tenants. Built in 1968 and renovated in 1998, this single-story building offers versatile space suitable for various uses, including office, flex, educational, or manufacturing purposes. The property boasts ample parking for 200 vehicles, a convenient pick-up/drop-off area, and central air conditioning. Its prime location provides easy access to major transportation arteries like Route 15, I-84, and I-91, enhancing its appeal to a wide range of businesses. The property benefits from fiber optic connectivity and is surrounded by established businesses such as UPS, Pitney Bowes, and U-Haul, creating a strong and desirable business environment. The minimum divisible space is 30,000 square feet, with a maximum contiguous space of 30,000 square feet. This property offers a unique blend of established income and significant development potential.
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High Road School High School
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ID-1 · Hartford, CTHartford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.