Value-Add | Blocks from Front Street District 330 Main St
43,300 SF 67% Leased Office Building Online Auction Sale Hartford, CT 06106
Place your bid!
INVESTMENT HIGHLIGHTS
- Preferably located 39,388-SF office property optimally positioned over a 0.82-acre lot with ample parking options in Downtown Hartford.
- Excellent value-add investment opportunity for a knowledgeable investor to add desirable upside via lease-ups and contemporary building upgrades.
- Conveniently situated two blocks from City Hall and the Front Street district with immediate access to I-91 and a less than 2-mile drive from I-84.
- Encompassed by professional and medical service providers located five minutes from Hartford Hospital, an 867-bed teaching hospital and care center.
EXECUTIVE SUMMARY
Goman+York is pleased to offer a masonry-constructed, 39,388-square-foot office building with incredible visibility at 330 Main Street in the heart of Hartford, Connecticut. Built in 1986 and standing at three stories tall, this well-established property features an attractive lobby, two passenger elevators, recessed lighting, and ample parking options, including surface, covered, and a heated underground lot. The asset is favorably positioned over a 0.82-acre lot with DT3 zoning; a downtown general building that allows for two additional floors to be added to total a five-story building.
This economical and conveniently sited property offers exceptional accessibility to major Interstates 84 and 91 and is just two blocks from the Front Street district and the UConn Hartford Campus. The office is also beneficially situated a 5-minute drive or 15-minute walk from Hartford Hospital, a reputable 867-bed teaching hospital and care center. This desirable location is surrounded by both commercial and multifamily, residential properties and is primed for professional and medical service providers alike.
Currently about 67% occupied, this traditional acquisition presents sought-after upside throughout via modernized building upgrades and vacancy lease-ups. 330 Main Street is preferably located in the Hartford office submarket, which is seeing increasing rents with decreasing supply-side pressures. This ideal asset serves as an excellent acquisition for a knowledgeable investor seeking to take advantage of the momentum that the Downtown Hartford area provides.
Property tours are available by appointment only. Please contact the broker to schedule.
This economical and conveniently sited property offers exceptional accessibility to major Interstates 84 and 91 and is just two blocks from the Front Street district and the UConn Hartford Campus. The office is also beneficially situated a 5-minute drive or 15-minute walk from Hartford Hospital, a reputable 867-bed teaching hospital and care center. This desirable location is surrounded by both commercial and multifamily, residential properties and is primed for professional and medical service providers alike.
Currently about 67% occupied, this traditional acquisition presents sought-after upside throughout via modernized building upgrades and vacancy lease-ups. 330 Main Street is preferably located in the Hartford office submarket, which is seeing increasing rents with decreasing supply-side pressures. This ideal asset serves as an excellent acquisition for a knowledgeable investor seeking to take advantage of the momentum that the Downtown Hartford area provides.
Property tours are available by appointment only. Please contact the broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
-
-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted SF
999
999
999
Average SF
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
-
-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-
Market Sale Price per SF
Hartford - CT USA
Market Cap Rate
Hartford - CT USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
43,300 SF
Building Class
B
Year Built
1986
Percent Leased
67%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,433 SF
Slab To Slab
12’
Building FAR
1.21
Lot Size
0.82 AC
Zoning
DT3 - Downtown General Building
Parking
74 Spaces (1.88 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 105
- 250 SF
- Office
- -
- Now
11 Private offices, open work area, conference room, reception, tech room, kitchenette/breakroom, storage
Very nice corner space with private offices and views to the east and Front Street / UConn Hartford campus area.
- 3rd Fl-Ste 304
- 1,116 SF
- Office
- -
- Now
Corner space with Main Street views, perfect for legal, financial services or other professional service firms.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 105 | 250 SF | Office | - | Now |
| 2nd Fl-Ste 202 | 4,041 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 302 | 1,600 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 304 | 1,116 SF | Office | - | Now |
| 3rd Fl-Ste 305 | 2,400 SF | Office | Full Build-Out | Now |
1st Fl-Ste 105
| Size |
| 250 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 202
| Size |
| 4,041 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 302
| Size |
| 1,600 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 304
| Size |
| 1,116 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 305
| Size |
| 2,400 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (82)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
25,445
151,080
275,897
2020 Population
22,408
150,630
276,306
2029 Population
25,907
150,422
274,436
2024-2029 Projected Population Growth
1.8%
-0.4%
-0.5%
Daytime Employees
83,413
154,402
223,735
Total Businesses
6,067
13,590
21,525
Average Household Income
$64,830
$66,043
$86,991
Median Household Income
$42,807
$44,100
$61,444
Total Consumer Spending
$236.4M
$1.4B
$3B
Median Age
33.3
35.3
37.7
2024 Households
11,288
61,319
110,042
Percent College Degree or Above
16%
11%
16%
Average Home Value
$283,486
$249,952
$279,903
$ values in USD
ZONING
| Zoning Code | DT3 (Downtown General Building) |
PROPERTY TAXES
| Parcel Number | HTFD-000247-000460-000220 | Improvements Assessment | $683,696 CAD |
| Land Assessment | $669,562 CAD | Total Assessment | $1,353,259 CAD |
SALE ADVISOR
SALE ADVISOR
Thomas York, Principal, Transactional & Advisory Service
(860) 416-2239
Contact
Goman+York Property Advisors, LLC, provides expert advice and high-value services to landlords and tenants, owners, and investors in the commercial real-estate industry. We deliver "real world," customized real-estate solutions for all our clients. We consistently exceed our clients' expectations. Tom Yok has been a trusted commercial real estate advisor since 1996. Prior to forming Goman+York in 2011, he spent 15 years at CB Richard Ellis in the Hartford, CT office.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT
Emily Walper
Contact
Auctioneer License:
Ten-X, Inc. Samantha Corbat RE Brkr REB.0790949
