621 Farmington Ave, Hartford, CT 06105

Description

Exceptional redevelopment opportunity in Hartford's desirable West End. This 23,064 SF, two-story office building presents outstanding potential for an office-to-multifamily conversion. The property was previously approved for a 29-unit apartment conversion, providing a significant head start for developers. The approved unit mix consisted of 27 one-bedroom apartments with projected rents of approximately $1,300 per month and 2 two-bedroom apartments with projected rents of approximately $1,500 per month. Situated on approximately 0.60 acres with ample off-street parking (roughly 30+ spaces), the property is ideally positioned for investors seeking to capitalize on Hartford's continued demand for quality rental housing. Redevelopment opportunities of this scale and location are increasingly difficult to find, making this an exceptional value-add development opportunity. The property offers a substantial footprint, flexible floor plan, and a prominent location along Farmington Avenue with convenient access to Downtown Hartford, West Hartford Center, major highways, public transportation, hospitals, and major employers. One or more of this property's owners is a Real Estate Licensee.