110 Main Street, East Hartford, CT 06118
sale
$549,900
|
Other
Courtesy Of eXp Realty of CT, LLC
Welcome to 110 Main St, East Hartford, an investment and business opportunity positioned along a high visibility corridor. Zoned commercial (COMMERCIAL FINANCING REQUIRED), this versatile property supports a wide range of uses including office, retail, residential income, or professional services such as medical, legal, accounting, insurance, or real estate. Currently configured as a high performing income property, it features 3 separate rental units operating as a rooming house with a total of 6 bedrooms, 3 kitchens, and 3 full bathrooms. With a strong NOI of $49,278 and an attractive 9% cap rate, this is an excellent opportunity for immediate cash flow and long-term growth. Extensively updated in 2023, the property offers modernized interiors while maintaining flexible layout options to suit both investors and owner-users. This property benefits from exceptional exposure with very high daily traffic counts, ideal for business front signage and visibility. A private parking lot with approximately 20 spaces adds convenience for tenants, clients, and customers. Located just minutes from downtown Hartford, with easy access to I-84, I-91, and Rt-2, this property offers unmatched accessibility and strategic positioning. Whether you're looking to expand your business, establish a new location, or secure a strong income-producing asset, this property delivers on flexibility, visibility, and upside potential. Seller Financing Available: 25% downs, 8.75% interest rate, 20 year term.
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Property Features
- Age: Over 50 Years Old
- Heating System: Hot Water(Heating)
- MLSID: 24161533
- Parking Spaces: 20
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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