The Hartford County Retail Market is comprised of 59,680,000 square feet of inventory. As of mid-1st Quarter 2017 the vacancy rate in Hartford County is 3.9%, 100 basis points lower than the 1st Quarter 2016 rate and 150 basis points lower than the ten year average.
Two retail/office properties at 2-10 Wilcox Street and 750 Hopmeadow Street in Simsbury, CT were sold on December 21, 2016 for $3,425,000.The buyer, Hopping Fiddler LLC, purchased the property for its strong investment value and was represented by Berkshire Hathaway Commercial Group in the transaction.
The 7,815 square-foot retail/restaurant building, currently operated as a Red Lobster, sold November 17, 2016 for $7,858,347. The property, located on the southeast corner of Executive Square and Silas Deane Highway, is situated in a popular commercial corridor in downtown Wethersfield, CT.