156 Franklin Avenue, Hartford, Connecticut

$2,700,000

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21,101

Square feet

0.48

Acres

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
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
Area Barry Square
City Hartford
County Hartford
State Connecticut
Zip Code 06114

Amenities

Utilities Gas
Is Waterfront No
Has Pool No

Interior

Interior Features Window Display
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
Lot Description Dry, Level Lot
Roof Flat, Tar/Gravel
Foundation Concrete

Additional Information

Date Listed February 6th, 2025
Days on Market 72
Zoning MS-2
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty

Listing Map

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