245 Locust St 52,000 SF 42% Leased Flex Building Hartford, CT 06114 $3,329,904 CAD ($64.04 CAD/SF)
INVESTMENT HIGHLIGHTS
- ±30,000 sf available for lease
- Central air
- Pick-up/drop-off area
- ±3.53 acres
- 200 parking spaces
- Turn-key
EXECUTIVE SUMMARY
Located in the South End of the city, the property boasts convenient access to major transportation routes such as Route 15, I-84, and I-91, enhancing its accessibility and appeal to potential tenants or buyers.
The property offers versatility in potential uses, including office space, flex space, educational facilities, and manufacturing. With fiber optic connectivity available, it provides modern infrastructure to support various business operations.
Furthermore, the surrounding area hosts reputable tenants such as UPS, Pitney Bowes, and U-Haul, contributing to the property’s favorable business environment and potential for attracting quality tenants or investors.
PROPERTY FACTS
| Price | $3,329,904 CAD |
| Price Per SF | $64.04 CAD |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 3.54 AC |
| Rentable Building Area | 52,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1968/1998 |
| Parking Ratio | 5.79/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | ID-1 |
UTILITIES
- Gas
- Water
- Sewer
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
There is currently ±30,000 sf of vacant space available for lease or development. The property is a ±52,000 sf industrial facility situated in Hartford, CT, with two tenants currently occupying portions of the space, generating substantial income through long-term leases. The total acreage of the property is ±3.53, with ample parking space for 200 vehicles. Located in the South End of the city, the property boasts convenient access to major transportation routes such as Route 15, I-84, and I-91, enhancing its accessibility and appeal to potential tenants or buyers. The property offers versatility in potential uses, including office space, flex space, educational facilities, and manufacturing. With fiber optic connectivity available, it provides modern infrastructure to support various business operations. Furthermore, the surrounding area hosts reputable tenants such as UPS, Pitney Bowes, and U-Haul, contributing to the property’s favorable business environment and potential for attracting quality tenants or investors.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 30,000 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 30,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | HTFD-000298-000690-000008 | Improvements Assessment | $2,481,431 CAD |
| Land Assessment | $725,474 CAD | Total Assessment | $3,206,906 CAD |
