156 Franklin 162 Avenue

Hartford, Connecticut 06114

Status
For Sale
Square Feet
21,101
Beds
0
Price
$2,700,000
Type
Commercial For Sale
Garages
Baths
5
MLS
24142264

Price

$2,700,000

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Interior Details

Interior Size
21,101 Sq Ft
Bedrooms
0
Bathrooms
5
Rooms Total
Garage

Exterior Details

Lot Size
0.48 Acres
Roof
Flat,Tar/Gravel
Sewer
Public Sewer Connected
Construction
Construction
Cooling
Central Air

Other Information

Property Tax
$15,633
Assessed Value
$226,730
Elementary School
NULL
Middle School
NULL
High School
NULL

About Property

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.
Listed by Coldwell Banker Realty, Alexander Pryor. Data sourced from SmartMLS

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