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W End Multifamily Redevelopment Opportunity 621 Farmington Ave 24,594 SF Vacant Office Building Hartford, CT 06105 $925,000 ($37.61/SF)



Investment Highlights
- West End Location
- Previously Approved for 29 Units
- Multifamily Redevelopment Opportunity
- Ample Off-Street Parking
Executive Summary
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.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
24,594 SF
Building Class
C
Year Built/Renovated
1964/2025
Price
$925,000
Price Per SF
$37.61
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,198 SF
Slab To Slab
10’
Building FAR
0.94
Lot Size
0.60 AC
Zoning
MX-1 - Mixed-Use; Commercial
Parking
30 Spaces
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | HTFD-000111-000371-000069 | Improvements Assessment | $532,280 |
| Land Assessment | $147,000 | Total Assessment | $679,280 |
Property Taxes
Parcel Number
HTFD-000111-000371-000069
Land Assessment
$147,000
Improvements Assessment
$532,280
Total Assessment
$679,280
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Contact the Sale Advisor
W End Multifamily Redevelopment Opportunity | 621 Farmington Ave
