156 Franklin Avenue , Hartford, CT 06114
Hartford, CT 06114
Description
Welcome to 156-162 Franklin Ave. A Prime Retail and Commercial Investment Opportunity located just minutes from downtown. This diverse retail complex provides a one-stop shopping experience for both consumers and businesses. The property features a mix of commercial units, including a car wash, grocery store, restaurant, and office space. Key Features Include: Total Building Size: Over 17,000 square feet. Prime Location with high visibility and strong foot traffic, ideal for retailers and customers alike. Off-street parking with spaces for tenants & visitors. Accessible retail spaces with upgrades to roof including remodeled storefronts and repaved rear lot. Highlights include natural gas heating. The Cap is over 5 with low operating expenses. The rent roll consists of the following: 2 Story Office Building: $6,500/month. Mini Mart: $3,000/month. Seafood Restaurant: $2,500/month. Car Wash pays $2,500. Property is zoned for Ms-2 with "mix use" potential. First floor of the office building has potential to expand for a fifth retail space. Excellent portfolio for an investor looking to cash flow and own a staple retail complex in a vastly growing neighborhood.
Details
| MLS# | 24073224 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1940 |
| Days On Site | 38 |
| Listing Provided By | Coldwell Banker Realty | Alexander Pryor |
Features
| SQ Feet | 21,101 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | MS-2 |
| Acreage | 0.48 |
Market Activity 06114
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Learn More About This Property
| State | CT |
|---|---|
| County | Hartford |
| City | Hartford |
| Zip Code | 06114 |
| Area | Hartford |
| Listing VS Median (In 06114) | |
Price: $2,700,000 low | high Med: $282,450 SqFt: 21,101 low | high Med: 2,163 $ / SqFt: $128 low | high Med: $133 On site: 38 low | high Med: 156.000000 | |