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Rare opportunity to acquire a fully renovated, income-oriented flex commercial asset positioned on a high-visibility corner with strong frontage, traffic exposure, and excellent signage potential. Completely modernized in 2022, this property features a new parking lot, roof, windows, mechanicals, and fully updated interiors, offering a true turnkey investment with minimal near-term capital risk. The street-level commercial floor includes a professional reception and waiting area, four private offices, kitchenette, two bathrooms, and a warehouse space with overhead door, supporting a wide range of revenue-producing uses including contractors, light manufacturing, automotive, distribution, gym/studio, and service-based businesses. The fully renovated upper level adds significant flexibility and upside and is currently fully set up as a one-bedroom apartment with open-concept living space, kitchen, dining area, full bath, and laundry. This space may be owner-occupied for live/work convenience or utilized as a separate leased unit for additional income, significantly enhancing the property's overall financial performance (subject to zoning and approvals). With rapid access to major highway corridors, flexible industrial zoning, and strong investor and owner-user demand, this asset offers the rare ability to combine high-exposure business operations with income diversification. Ideal for owner-users seeking to offset operating costs or investors targeting durable cash flow with long-term appreciation upside in the greater Hartford market. A compelling opportunity to secure a modernized, high-visibility, multi-use flex asset with immediate income potential and future growth. Do not miss this amazing turn key opportunity to optimize your business goals.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $700,000 | $700,000 | $700,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $934 | $934 | $934 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,920 | $4,253 | $5,860 |
| Total Monthly Payment | $4,946 | $5,279 | $6,886 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.