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$ 2,700,000
Est. payment | /mo
21,101 SqFt
$ 2,700,000
Est. payment | /mo
21,101 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 21,101 sqft
Price per Sqft $127
MLS Listing ID 24073224
Year Built 1940
Annual Tax Amount $15,633
Lot Size 0.480 Acres
Property Description
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.
Location
State CT
County Hartford
Zoning MS-2
Interior
Interior Features 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
Listed by Alexander Pryor • Coldwell Banker Realty
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