commercial
21,101 SF
156-162 Franklin Avenue
Hartford, Connecticut 06114
Price
$2,700,000
Price/SF
$127.96/SF
Building Size
21,101 SF
Lot Size
0.48 acres
Year Built
1940
NOI
$176,000
Property Description
Welcome to 156-162 Franklin Avenue, a potential retail corridor located just minutes from Hartford Hospital. This diverse retail complex offers convenient one-stop shopping for both consumers and businesses, featuring a mix of commercial units that includes a car wash, grocery store, restaurant, and office space. The property spans over 17,000 square feet and benefits from a prime location with high visibility and strong foot traffic, along with off-street parking for both tenants and visitors. Recent upgrades include roof improvements, remodeled storefronts, and a repaved rear lot, and the building also features natural gas heating. The current rent roll consists of a two-story office building at $7,000 per month, a mini-mart at $3,000 per month, a seafood restaurant at $3,000 per month, and a car wash paying $3,000 per month. Zoned MS-2, the property offers mixed-use potential, and the first floor of the office building presents an opportunity to expand and create a fifth retail space. This is an excellent portfolio addition for an investor seeking strong cash flow and a prime location.
Additional Details
Zoning
MS-2
MLS Number
24142264
Property ID
7e5a2284-1ebb-42fb-8c4b-096e42cbabbe
MLS Information
MLS#: 24142264
Listed by: Coldwell Banker Realty
Agent: Alexander Pryor • (860) 808-7399 • Alexander.Pryor@cbrealty.com
This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.
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