1500 Albany AveHartford, CT 06112

Property Details for 1500 Albany Ave

Year built

1935

Construction

FRAME

Lot size

0.27 AC

Property size (Sq ft)

3,416 SF

Zone code

MS-2

Property type

Medical offices

Property subtype

Medical centers

APN

HTFD M:152 B:184 L:032

APU

HTFDM152B184L032

Description

This 2,167 square foot medical office space is located at 1500 Albany Avenue, Hartford, CT 06112, in Hartford County. The property, built in 1935, is zoned MS2 and offers a single-tenant occupancy. The entire building, totaling 2,167 square feet, is currently vacant and available for lease. This presents a unique opportunity for a medical practice seeking a well-established location. The building's previous use was as an eye care facility, suggesting suitability for similar medical services. A significant advantage is the availability of abundant off-street parking, a valuable asset for patients and staff. The lease is a sublease, extending through July 2031, providing long-term stability for the tenant. The property's location in Hartford, Connecticut offers easy access to major transportation routes and a strong patient base. This is an excellent opportunity to establish or relocate a medical practice in a convenient and well-equipped space. Interested parties should inquire for further details and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $564,767

  6.5%

  $521,323

  7%

  $484,086

• Comparable approach

  Method

  Valuation

  Relative Method

  $446,335

  Geo Method

  $446,335

• Alternative Use

  Use

  Valuation

  Residential

  $646,441

  Hospitality

  $592,136

  Educational

  $492,650

  Medical

  $509,593

  Retail

  $766,345

Location Insight

City

Hartford

County

Hartford

State

Connecticut

Latitude

41.7844

Longitude

-72.7021

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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