For Sale
$4,000,000

830 Farmington Ave West Hartford, CT 06119

$4M, 30K SF, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A, 29,550 square foot retail and medical office property in West Hartford, CT, presents a compelling investment opportunity. Located at 830 Farmington Avenue, this shopping center/medical office building boasts a strong net operating income (NOI) of $400,000, representing a 10%+ capitalization rate. The asking price is $4,000,000. Situated on a 0.68-acre lot, the property offers ample parking. Currently occupied by a long-term tenant (45 years), the building benefits from a BC zoning designation, allowing for diverse future uses. The property enjoys high visibility and significant foot traffic in a thriving West Hartford location, close to major highways (Interstates 84 and 95), Hartford's city center (6 miles), and numerous upscale retailers, including Whole Foods. The West Hartford retail submarket shows positive growth, with rents exceeding $40 per square foot (NNN), a 2.4% increase over the past year, and vacancy rates below the three-year average. The broader Hartford metro area also demonstrates robust economic performance, with a significant year-over-year job growth. West Hartford's appeal is further enhanced by its excellent public schools and proximity to several universities, including the University of Saint Joseph, University of Hartford, UConn Law School, UConn Med School, and Trinity College. This property offers a blend of stability and growth potential in a desirable location.

Highlights

  • Class A, 29,550 SF retail/medical office building in West Hartford, CT.
  • $4,000,000 asking price with a $400,000 NOI, representing a 10%+ cap rate.
  • Located on a 0.68-acre lot with ample parking at 830 Farmington Avenue.
  • Long-term tenant (45 years) in a high-visibility location with strong foot traffic.
  • BC zoning allows for diverse future uses.

Property Details for 830 Farmington Ave

Property type
Lifestyle centers, Power centers
Square Feet
29,550 SF
Class
A

Location Insight

City
West Hartford
County
Hartford
State
Connecticut
Latitude
41.7647355
Longitude
-72.7308592

FAQs

What type of property is this?
Lifestyle center - $4M, 30K SF, High NOI
Where is the lifestyle center located?
The property is located at 830 Farmington Ave West Hartford, CT.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Class A, 29,550 SF retail/medical office building in West Hartford, CT.; $4,000,000 asking price with a $400,000 NOI, representing a 10%+ cap rate.; Located on a 0.68-acre lot with ample parking at 830 Farmington Avenue.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
830 Farmington Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message