156 Franklin Avenue, Hartford, CT 06114 (MLS # 24058748)
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
Listing courtesy of KW Legacy Partners
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This IDX solution is (c) Diverse Solutions 2024.