commercial
453 New Park Avenue
West Hartford, Connecticut 6110
Price
$1,100,000
Price/SF
$109.08/SF
Building Size
10,084 SF
Lot Size
0.36 acres
Year Built
1948
NOI
$78,000
Units
3
Property Description
Excellent Investment Opportunity!!! Acquire a 10,000 square foot, fully-leased warehouse with the benefit of immediate cash flow from an established tenant under a 5-year lease already in place. This is an excellent opportunity for investors seeking a stable income-producing asset with additional upside potential. The property's layout and configuration may provide the opportunity to add a second floor, creating additional leasable space and increasing future rental income, subject to municipal approvals, zoning requirements, and all necessary permits. Investment Highlights: - 10,000 SF warehouse 5-year lease in place providing immediate rental income - Low-maintenance investment opportunity. - Potential value-add by expanding with a second floor (subject to approvals). - Opportunity to increase cash flow and long-term asset value. - Ideal for investors seeking both current income and future appreciation. Whether you're looking to diversify your portfolio or acquire a value-add commercial asset, this warehouse offers the rare combination of immediate income and future expansion potential.
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Additional Details
Zoning
BG
MLS Number
24196031
Property ID
dffe432f-6c60-4ddd-953c-998f98cd0786
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MLS Information
MLS#: 24196031
Listed by: The Property Shop CT
Agent: Cynthia Rodriguez • (860) 519-0634 • crod911@gmail.com
This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.