May 9, 2018
Deal Watch Today

Pratt St. building offered at $2.9M

93-99 Pratt St., Hartford.

A century-old downtown Hartford retail-office building with the potential for conversion to apartments straddling the corner of Pratt and Trumbull streets is for sale at $2.9 million, brokers say.

Trumbull Towers Management owns the six-story, approximately 100,000-square-foot edifice on about a half-acre at 93-99 Pratt St. and is representing itself in sale talks, according to the building leasing broker Amodio & Co. Real Estate.

Built in 1910, the property is comprised of two interconnected buildings whose tenants include Caribbean bar-restaurant The Russell and Max Bibo's On Trumbull St. delicatessen.

According to the buildings' sale flyer, landlord Trumbull Towers claims the pair's value lies in their potential for commercial-lease opportunities, including "offering space for a corporate headquarters location.''

The property has an annual rent pro forma that exceeds $1 million and is well-suited for conversion to apartments, the flyer said.

Trumbull Towers could not be immediately reached for comment.

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