Active
156 Franklin Avenue
Hartford CT, 06114
$2,700,000
$127.96 per sqft
Active
5 Baths
21,101 sqft
Commercial
Built in 1940
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.
24058748
MLSⓇ ID
November 8, 2024
Listed
December 18, 2024
Updated
Map
156 Franklin Avenue
Hartford CT, 06114
Interior Features
Total Stories
2
Total Bathrooms
5
Half Bathrooms
5
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas, Forced Air
Exterior/Building Features
Lot Size
0.48 Acres
Lot Features
Level
Roof
Tar/Gravel
Sewer
Public Sewer
Other Property Details
Area Name
Barry Square
Taxes
$15,633
Tax Frequency
Annually
Days on Market
40
Garage
No
View
No
County
Hartford
Water Source
Public
Pool
No
Zoning
MS-2
Listed by Alexander Pryor with KW Legacy Partners
Listing Contact: 8608087399
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Data last updated on 12/18/2024 at 5:28 PM UTC