1123 New Britain AveWest Hartford, CT 06110

Property Details for 1123 New Britain Ave

Year built

1940

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

5,300 SF

Zone code

BC/TND

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WHAR M:G14 B:3771 L:1123

APU

WHARMG14B3771L1123

Description

The Andrews Building, located at 1123 New Britain Ave, West Hartford, CT 06110 (cross street: Quaker Lane), offers a versatile 5,300 square foot office space spread across two stories in a single building. Currently, 1,075 square feet are available for lease in Space A. This space is ideal for a variety of uses, including traditional office, medical office, coworking, or creative office tenants. The building features a total of six suites and fifteen parking spaces, providing ample convenience for occupants and visitors. Built in 1940, the building benefits from a convenient rear parking area. The available space previously housed an insurance agency for sixteen years. Additionally, some dry basement storage space is included at no extra charge. This property is situated in the heart of Elmwood on the busy New Britain Avenue, offering excellent visibility and accessibility. The property is classified as Retail and Office.

• CAP approach

  CAP return

  Valuation

  6%

  $1,288,085

  6.5%

  $1,189,002

  7%

  $1,104,073

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,745,095

  Geo Method

  $1,745,095

• Alternative Use

  Use

  Valuation

  Residential

  $1,002,967

  Hospitality

  $918,713

  Educational

  $764,358

  Medical

  $790,646

  Retail

  $1,189,002

Location Insight

City

West Hartford

County

Hartford

State

Connecticut

Latitude

41.7324

Longitude

-72.7322

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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