765 Asylum AveHartford, CT 06105
- Office properties
- 29,782 SF
Property Details for 765 Asylum Ave
- Year built
- 1961
- Construction
- STEEL FRAME
- Lot size
- 0.52 AC
- Property size (Sq ft)
- 29,782 SF
- Zone code
- MX-1
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- HTFD M:201 B:321 L:011
- APU
- HTFDM201B321L011
Description
This exceptional 7,500-square-foot creative office space is available for lease on the third floor of 765 Asylum Avenue in Hartford, Connecticut. Located in a three-story building constructed in 1961, this single-tenant space boasts a flexible floor plan ideal for a variety of businesses. The unit includes a large break area and a multi-stall bathroom with a shower, making it a comfortable and functional workspace. Previously occupied by a state agency for over two decades, this space offers a history of stability and a well-maintained interior. Accessibility is ensured with an elevator, and the building offers convenient off-street parking. The lease includes all common charges and taxes, with utilities added on a fixed-fee basis. The property is zoned MX-1 and sits on a 0.52-acre lot, with a total building size of 29,792 square feet. Its prime location offers easy access to Interstates 91 and 84, and its proximity to the Hartford Insurance building provides excellent visibility and convenience. The building features one elevator and is handicap accessible. This is a rare opportunity to secure a substantial, well-appointed office space in a highly desirable Hartford location. The entire third floor is available.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,923,854
- 6.5%
- $4,545,096
- 7%
- $4,220,446
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,891,316
- Geo Method
- $3,891,316
-
Alternative Use
- Use
- Valuation
- Residential
- $5,635,920
- Hospitality
- $5,162,472
- Educational
- $4,295,116
- Medical
- $4,442,832
- Retail
- $6,681,292
Location Insight
- City
- Hartford
- County
- Hartford
- State
- Connecticut
- Latitude
- 41.7689
- Longitude
- -72.69
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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