100 Weston StHartford, CT 06120

Property Details for 100 Weston St

Year built

1975

Construction

FRAME

Lot size

2.49 AC

Property size (Sq ft)

37,526 SF

Zone code

ID-1

Property type

Motels

APN

HTFD M:286 B:129 L:005

APU

HTFDM286B129L005

Description

This exceptional investment opportunity presents the Travel Inn, a 109-key motel situated on a 2.49-acre lot in Hartford, Connecticut. Boasting 49,088 square feet across three, two-story buildings, this property offers significant upside potential. The motel features 120 parking spaces, a main lobby, office unit, owner/manager suite, and laundry facilities. Built in 1975 and extensively renovated in 2023, the property includes updated HVAC units, water heaters, furnishings, roofing, and landscaping. Currently operating independently, the Travel Inn enjoys a prime location near I-91, minutes from downtown Hartford, and close to major attractions including the Xfinity Theater and Dunkin' Donuts Stadium. The property's current occupancy is 46%, with an average daily rate of $80-$90, yielding a 9.5% cap rate and a NOI of $573,658. Pro forma projections indicate a 12.47% cap rate and a NOI of $748,161. The asking price is $6,000,000, translating to $122.23 per square foot and $55,045.87 per key. Zoned ID-1, this property presents diverse redevelopment possibilities, including conversion to offices, group living facilities, or other community uses. Financial details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $7,046,902

  6.5%

  $6,504,832

  7%

  $6,040,202

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,522,396

  Geo Method

  $11,522,396

• Alternative Use

  Use

  Valuation

  Residential

  $7,101,387

  Hospitality

  $6,504,832

  Educational

  $5,411,944

  Medical

  $5,598,069

  Retail

  $8,418,580

Location Insight

City

Hartford

County

Hartford

State

Connecticut

Latitude

41.7882

Longitude

-72.6615

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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