199 Oakwood AveWest Hartford, CT 06119

Property Details for 199 Oakwood Ave

Year built

1966

Construction

STEEL FRAME

Lot size

0.51 AC

Property size (Sq ft)

9,178 SF

Zone code

BN

Property type

Showrooms

APN

WHAR M:H11 B:3961 L:199

APU

WHARMH11B3961L199

Description

This three-story, 9,768-square-foot office building in West Hartford, Connecticut, is available for sale or lease. Built in 1966 and situated on a 0.51-acre lot, the property features a recently installed roof and ample parking with 36 spaces. The building is zoned BN and offers flexible space options, with a minimum divisible unit of 3,256 square-foot and the potential for a single tenant to occupy the entire 9,768 square feet. Utilities include a 200-amp, 3-phase power system. While there are no elevators, the building's location offers excellent accessibility, being only one-third of a mile from I-84 Exit 44. The property's versatile zoning allows for a variety of uses, including general office space, church, daycare center, therapy and wellness practices, or studio space. Property taxes are $2.50 per square foot. This is a prime opportunity for businesses seeking a well-located, adaptable office space in a thriving Connecticut community. The entire building is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $2,230,574

  6.5%

  $2,058,992

  7%

  $1,911,921

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,021,978

  Geo Method

  $3,021,978

• Alternative Use

  Use

  Valuation

  Residential

  $1,736,837

  Hospitality

  $1,590,933

  Educational

  $1,323,638

  Medical

  $1,369,160

  Retail

  $2,058,992

Location Insight

City

West Hartford

County

Hartford

State

Connecticut

Latitude

41.751

Longitude

-72.7222

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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