Hartford, Connecticut, offers a unique opportunity for investors to tap into the city's rich history, cultural landmarks, and diverse economy. With 18 retail properties for sale, Hartford presents an attractive option for those looking to invest in a city that is home to the "Insurance Capital of the World" and a hub for medical care, research, education, and emerging technology companies. Retail properties in Hartford can represent a range of investments, from small, independent shops to large, commercial centers. The city's amenities, infrastructure, location, education, and geography make it an attractive place to invest in retail properties, with institutions like Trinity College, Capital Community College, and the University of Connecticut's Hartford campus providing a steady stream of students and professionals. Additionally, Hartford's attractions, such as the Connecticut Convention Center, the Marriott Hartford Hotel-Downtown, and the Connecticut Science Center, draw visitors from across the region. With its rich history, cultural significance, and economic diversity, Hartford is a great place for business and travel, with attractions like The Mark Twain House and Museum and the Wadsworth Atheneum Museum of Art.
Hartford's retail properties offer a unique blend of history, culture, and commerce. With nearby shopping centers, restaurants, office properties, and hotels, Hartford provides a diverse range of investment opportunities. Shopping centers like the Westfarms Mall offer a convenient location for retailers, while restaurants like the Capital Grille provide a unique dining experience. Office properties like the CityPlace I and II offer a prime location for businesses, and hotels like the Hartford Marriott Downtown provide a comfortable stay for visitors. With its rich history, cultural landmarks, and diverse economy, Hartford is an attractive option for investors looking to tap into the city's potential. From small, independent shops to large, commercial centers, Hartford's retail properties offer a range of investment opportunities that are sure to appeal to investors.
What is the average cap rate for retail properties in Hartford?
When it comes to retail properties in Hartford, investors can expect an average cap rate of 7.16%, which is a key metric to consider when evaluating the potential return on investment. For those new to commercial real estate investing, it's essential to understand what a cap rate is, which is why we recommend checking out our article on the topic at what is a cap rate.
How do location and foot traffic affect retail property values?
In Hartford, Connecticut, the location and foot traffic of a retail property significantly impact its value. Properties situated in high-traffic areas, such as downtown Hartford near the Connecticut Convention Center or along major transportation routes like I-84 and I-91, tend to command higher prices due to their accessibility and visibility, with an average price per square foot of $291 USD and an average size of 13,581 square feet.
