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241 Main St 34,000 SF 100% Leased Office Building Hartford, CT 06106 $2,250,000 ($66.18/SF)
Investment Highlights
- Multifamily Conversion Opportunity
- On-Site Parking (Rare Downtown Feature)
- Attractive Basis
- DT-3 Zoning (Downtown District)
- In-Place Income
Executive Summary
241 Main Street presents a compelling adaptive reuse opportunity in downtown Hartford, where demand for traditional Class B office space has weakened and ownership groups are actively repositioning assets toward residential use.
The property is approximately 50% leased, providing in-place income to offset carrying costs, while allowing for a phased redevelopment strategy.
The asset is uniquely positioned for conversion due to its DT-3 zoning designation and onsite parking, a rare combination in downtown Hartford.
The property is approximately 50% leased, providing in-place income to offset carrying costs, while allowing for a phased redevelopment strategy.
The asset is uniquely positioned for conversion due to its DT-3 zoning designation and onsite parking, a rare combination in downtown Hartford.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
34,000 SF
Building Class
B
Year Built
1900
Price
$2,250,000
Price Per SF
$66.18
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
6,840 SF
Slab To Slab
12’
Building FAR
1.04
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
DT-3 - DT-3 (Downtown District)
Parking
70 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Reception
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Finance and Insurance
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NACA began in Boston as the Union Neighborhood Assistance Corporation after union-led housing advocacy and later developed into the Neighborhood Assistance Corporation of America. The organization focuses on affordable homeownership, housing and financial counseling, and community advocacy for low- to moderate-income households nationwide. NACA offers a mortgage program with terms that can include no down payment, no closing costs, no mortgage insurance, no fees, and no consideration of credit score. Its work extends to homeowners and renters through counseling and programs tied to economic justice and neighborhood stability.
- Nutmeg Capital Advisors LLC
- Finance and Insurance
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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| Nutmeg Capital Advisors LLC | Finance and Insurance | - | - | Lorem Ipsum | Jan 0000 |
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Very walkable
80/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | EHAR-000020-000000-000026 | Improvements Assessment | $101,250 |
| Land Assessment | $37,290 | Total Assessment | $138,540 |
Property Taxes
Parcel Number
EHAR-000020-000000-000026
Land Assessment
$37,290
Improvements Assessment
$101,250
Total Assessment
$138,540
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