156 Franklin Avenue, Hartford, CT 06114 (MLS # 24058748)

Price $2,700,000
Status Active
Size 21,101 sqft
Lot Size 20,909 sqft
Days on Market 32
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.
Property Type(s): Commercial
Last Updated 11/8/2024 Year Built 1940
County Hartford

Additional Details

AIR Central Air
AIR CONDITIONING Yes
CONSTRUCTION Frame
HEAT Forced Air, Natural Gas
LOT 0.48 acre(s)
LOT DESCRIPTION Level
SEWER Public Sewer
STORIES 2
TAXES 15633
UTILITIES Natural Gas Available
WATER Public
ZONING MS-2

Location

 

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