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21565474
21565488

631 Farmington Ave, Hartford, CT 06105

SO
CT RES0812903
Dave Jones Realty llc
Listed by Dave Jones Realty llc
$1,550,000
502 days on market
Updated 30 days ago

631 Farmington Ave

Details
Property Type Office
Sub Type Traditional Office
Square Footage 18,737
Net Rentable (SqFt) 17,255
Units 2
Cap Rate 12.21%
NOI $189,254
Occupancy 100%
Tenancy Multi
Lease Expiration 12/31/2030
Remaining Term 4.5
Rent Bumps Yes
Price per SqFt $83
Broker Co-Op Yes
Class C
Year Built 1960
Year Renovated 2022
Buildings 1
Stories 2
Acreage 0.780
Zoning MX-1
Parking Spaces 50 spaces
Parking Per SqFt 2.67
Investment Type Stabilized
Occupancy Date 03/14/2023

Fully Leased Professional Office Building

Marketing description

This turnkey commercial office building presents an excellent opportunity for those looking to expand their portfolio. Fully leased until 2030 with two long term tenants providing stabilized rental income. Larger unit has occupied the building 34+ years, and the second unit tenant has been there 14+ years. Leases increase by 2.5% annually to account for expenses. Close to West Hartford and situated in the West End, with easy highway access and public transit. Substantial upgrades include energy efficient lighting, new fire alarm system, new RTU systems, brand new water heater, updated restrooms, and a complete renovation of the second floor. Ample parking (50+ spaces) located on the front, side, and rear of the building. Additional offices and bathrooms located in the partially finished/ heated basement- offering potential to further maximize revenue. With minimal owner responsibility, this property would be ideal for a 1031 exchange, or for those seeking a low maintenance commercial investment. Detailed expense sheet available upon request. Leases and financial information are available to serious buyers. Please contact Stephanie Ossowski with any questions.

Investment highlights

  • Stabilized rental income, with annual rent increases

  • Fully leased through 2030

  • Tenant has personally invested $200k in renovations over the past 3 years

Listing Contacts

SO
CT RES0812903
Dave Jones Realty llc
Listed by Dave Jones Realty llc

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$189,254.00
$15,771.17/mo

Valuation Metrics

0
DSCR
12.21%
Cap Rate
12.21%
ROI

Map

Zoning

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MX-1 MixedMixed UseMulti Use Mix 1
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Stephanie Ossowski
License
RES0812903
Brokerage
Dave Jones Realty
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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