Technical
Financial
Distress signals
Property profile

383 12th Wethersfield Ave Hartford, CT 06114

OFF-MARKET
Auto shops
Property ID
US15-0781410
3,200 SF 0.33 ac lot Built 1950
Entity Owned 23-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 15,206 square foot commercial property, situated on a 1.32-acre lot in Hartford, Connecticut, presents a remarkable investment opportunity. The property boasts a highly desirable location with frontage on three major streets: Mannz Street, Bond Street, and Wethersfield Avenue, ensuring exceptional visibility and accessibility for any business. Currently configured as a mixed-use space, including a restaurant, apartments, and garages, the property generates immediate rental income. This versatile layout, spread across five separate parcels, offers significant potential for redevelopment and expansion. The property's size and location make it ideal for a variety of projects, including the creation of new apartment complexes, retail spaces, or other commercial ventures. The existing structures provide a solid foundation for immediate returns while allowing for future development to maximize the property's full potential. The property is priced at $2,500,000, and owner financing may be available for qualified buyers, making this an attractive opportunity to acquire a significant asset in a thriving Hartford location. This is a rare chance to acquire a substantial property with immediate income and significant long-term growth potential.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1950
Construction FRAME
Total area 3,200 SF
Lot 0.33 ac (14,401 SF)
Zoning code N2-2
APN HTFD M:251 B:678 L:220
UPID US15-0781410

Cap rate & NOI

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

Location

383 12th Wethersfield Ave Hartford, CT 06114-1415
Hartford metro Census 500100 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2003
3 recorded transactions
2003
$65,000
1992
$50,500
1990
$70,000

Zoning & alternative use

N2-2 · Hartford, CT

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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