453 New Park Avenue

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.