New Listing - 11/08/2024
156 Franklin Avenue, Hartford, (Barry Square), CT, 06114
0 beds
5 Half baths
1940
21,101 sqft
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 of 5 with low operating expenses. The rent roll consist 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.
Status:
Active
Town:
Hartford
Type:
Commercial
Units:
4
Zoning:
MS-2
Frontage:
Municipal Street
Heating:
Hot Air
Cooling:
Central Air
Acreage:
0.48
Est. Taxes:
$15,633
Assessment
$226,730
Current Use
Retail and commercial office
Permitted Use
Mixed-Use potential for a combination of residential, commercial, and po
Utilities
Gas
Lot Description:
Level Lot
Days on Market:
3
MLS #:
24058748
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Alexander Pryor, KW Legacy Partners Email: a.pryor@kw.com