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$2,700,000
Est. payment /mo
5 Baths
21,101 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 21,101 sqft
Price per Sqft $127
MLS Listing ID 24142264
Half Baths 5
Year Built 1940
Annual Tax Amount $15,633
Lot Size 0.480 Acres
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.
Location
State CT
County Hartford
Zoning MS-2
Interior
Interior Features Loading - Dock Height, Public Restrooms, Window Display
Heating Hot Air
Cooling Central Air
Exterior
Exterior Feature Storage Building, Lighting, Loading Dock/Grade
Utilities Available Gas
Roof Type Flat,Tar/Gravel
Building
Lot Description Dry, Level Lot
Story 2
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
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Listed by Alexander Pryor • Coldwell Banker Realty
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