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$14,995,000
Est. payment /mo
30,324 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 30,324 sqft
Price per Sqft $494
MLS Listing ID 24220086
Year Built 1941
Annual Tax Amount $134,895
Lot Size 0.670 Acres
Property Description
Exceptional investment and redevelopment opportunity in the heart of West Hartford! Prominently situated along the desirable Farmington Avenue corridor, 994 Farmington Avenue offers approximately 30,000 square feet of commercial space, 52 rental suites, and 52 on-site parking spaces. This well-maintained property features a diverse mix of retail, medical, wellness, and professional office tenants, providing multiple income streams. Current occupants include a popular coffee shop, full-service pharmacy, wellness businesses, and professional therapy practices. Recent improvements include updated common-area carpeting and fully renovated restrooms. Excellent street visibility, convenient access, and ample parking enhance the property's appeal to tenants and visitors. Significant value-add and redevelopment potential! Proposed plans envision a luxury hotel addition and sports bar, offering an exciting opportunity to expand the property's commercial appeal and future income potential. See disclosures for additional information regarding the proposed development plans. All proposed improvements are subject to applicable approvals. Ideally positioned in one of West Hartford's most sought-after commercial corridors, this property offers investors and developers an attractive combination of established rental income, prime location, and future development possibilities. A rare opportunity to acquire a prominent commercial asset with substantial upside potential!
Location
State CT
County Hartford
Zoning RO
Interior
Heating Hot Air, Radiator
Cooling Central Air
Flooring Tile, Vinyl, Wall-to-Wall Carpet
Exterior
Parking Features Paved, Off Street Parking
Utilities Available Electric, Gas, Telephone, Cable
Roof Type Built Up,Flat
Building
Lot Description Corner Lot, Level Lot
Story 2
Sewer Public Sewer Connected
Water Public Water Connected
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Listed by Eric Toth • Scott T. Lewis Broker
Nearby School & Business
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