Price Reduced 5.56%

$1,275,000

Est. Mortgage $6,531/mo *

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Price History

$1,350,000
1/15/2025

$1,275,000
4/2/2025

264 Farmington Avenue, Hartford, (Asylum Hill), CT, 06105

264 Farmington Avenue, Hartford, (Asylum Hill), CT, 06105
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3 beds

3 Full / 3 Half baths

1928

12,414 sqft

264 Farmington Avenue is a prominent brick asset situated on a corner lot with enough parking for all units and then some! An exclusive parking lot in the front of the building, heavy foot and car traffic, and a large tenant population in the surrounding area has helped maintain the Green Apple Grocery store as an anchor tenant for over 15 years. The second commercial unit is currently occupied by the owner as an office, but it has a full bathroom and can be outfitted for a variety of other business needs. Central heating systems, towering 9-foot tall ceilings, and spacious residential units provide ample square footage to achieve proforma rents between $1,400-$1,800 per month. Fill or occupy the office, keep the Green Apple on their current lease, and pursue an attainable lease-up strategy for the residential units and this property will yield a 123k NOI and 14% Return.

Status:

Active

Town:

Hartford

Type:

Commercial

Units:

10

Zoning:

MS-1

Frontage:

Municipal Street,Paved Road

Garage:

Paved, Parking Lot, Unassigned Parking

Heating:

Hot Air

Cooling:

Wall Unit

Parking:

14-car

Acreage:

0.29

Est. Taxes:

$32,153

Assessment

$443,800

Current Use

Grocery, Office

Permitted Use

Other Retail

Utilities

Electric,Gas

Lot Description:

Corner Lot,Level Lot

Days on Market:

98

MLS #:

24069185

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Connor Wenchell, VC Property Group, LLC Email: Connor@vcpropertygrp.com