245 Locust St, Hartford, CT 06114-2017
- Office buildings
- 47,967 SF
- 3.54 lot acres
Current Use by Public Records
- High Road School / High School
Property Details for 245 Locust St
- Year built
- 1968
- Construction
- FRAME
- Lot size
- 3.54 lot acres
- Zone code
- ID-1
- Property type
- Office buildings
- APN
- HTFD M:298 B:690 L:008
- APU
- HTFDM298B690L008
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 15, 2025 | $2,100,000 | Capitol Region Edu Counci | 245 Locust St LLC | Warranty Deed | — |
| Jul 11, 2022 | — | 245 Locust Street LLC | — | Deed · related | $1.9M · Td Bank NA |
| Aug 3, 2001 | — | Locust St LLC | — | Deed Of Trust · related | $3.5M · Webster Bank |
| Jul 14, 1999 | — | 245 Locust St LLC | — | Deed Of Trust · related | $2.3M · New England Bank & Trust |
| Feb 16, 1999 | — | 245 Locust Street LLC | — | Deed Of Trust · related | $350k · Equity Bank |
| Nov 2, 1998 | — | 245 Locust St LLC | — | Deed Of Trust · related | $1.8M · Equity Bank |
| May 11, 1998 | $482,000 | 245 Locust St LLC | Fiserv Fresno INC | Grant Deed | $1.2M · Equity Bank |
| Jan 3, 1989 | $4,048,384 | Fiserv Fresno INC | Northeast Svgs Fa | Grant Deed | — |
Description
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.
Value Estimations
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,605,000 Current use
- RETAIL STORES
- $4,845,000 Change: +34% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $4,295,000 Change: +19% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $3,550,000 Change: -1% Conversion: Easy
- COMMERCIAL (GENERAL)
- $3,500,000 Change: -3% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Hartford
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.6672
- Latitude
- 41.7426
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
