About 156 Franklin Avenue
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.
Features of 156 Franklin Avenue
MLS® # | 24073224 |
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Price | $2,700,000 |
Square Footage | 21,101 |
Square Footage | Public Records |
Acres | 0.48 |
Year Built | 1940 |
Type | Commercial For Sale |
Status | Active |
Community Information
Address | 156 Franklin Avenue |
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Area | Barry Square |
City | Hartford |
County | Hartford |
State | Connecticut |
Zip Code | 06114 |
Amenities
Utilities | Gas |
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Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Window Display |
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Heating | Hot Air, Natural Gas |
Cooling | Central Air |
Fireplace | No |
# of Stories | 2 |
Has Basement | No |
Exterior
Exterior Features | Storage Building, Lighting, Loading Dock/Grade |
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Lot Description | Dry, Level Lot |
Roof | Flat, Tar/Gravel |
Foundation | Concrete |
Additional Information
Date Listed | February 6th, 2025 |
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Days on Market | 72 |
Zoning | MS-2 |
RE / Bank Owned | No |
Listing Details
Office | Coldwell Banker Realty |
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