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28678115
28678116

641 Maple Ave, Hartford, CT 06114

EB
CT REB.0754216
Broder Commercial
Listed by Broder Commercial
$1,845,000
217 days on market
Updated 2 days ago

641-651 Maple Ave, Hartford, CT

Details
Property Type Mixed Use, Office (+1)
Sub Type Shopping Center, Storefront
Square Footage 24,835
Units 6
Cap Rate 7.59%
NOI $140,056
Occupancy 85%
Lease Type Modified
Pro-Forma Cap Rate 9.53%
Pro-Forma NOI $175,768
Price per SqFt $74
Broker Co-Op Yes
Class C
Year Built 1925
Year Renovated 2024
Stories 2
Acreage 0.690
Zoning MS-1

Many upgrades including new roof and many new mechanicals.

Marketing description

Located in Hartford's South end, this 25,000 squre foot retail/office building has a very solid tenant base and on site parking with 25+ parking spaces. The anchor tenants include the United States Post Office, H&R Block and the Hartford Health Collective. The two national tenants have been in place for many years. The Collective is in the process of building out their new space and it is anticipated they will also be long term tenants. A new roof was installed on the building in 2024 and all units have new HVAC systems with the exception of the Barber Shop which uses tenant paid electric heat. There is one vacanty space on the second level that is approximately 3500 square feet. The building has an elevator to access the second floor. WIth very strong income, reasonable expenses and limited need for capital improvements, this investment is a solid one.

Investment highlights

Solid tenant base with long term occupancy.

On Site parking.

New roof.

New HVAC units.

Listing Contacts

EB
CT REB.0754216
Broder Commercial
Listed by Broder Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,056.00
$11,671.33/mo

Valuation Metrics

0
DSCR
7.59%
Cap Rate
7.59%
ROI

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Additional Information

Name
Evan Berman
License
REB.0754216
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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