156-162 Franklin Ave - Storefront Retail/Office FOR SALE


Hartford, CT 06114
$2,700,000 USD
860-313-0700
156-162 Franklin Ave, Hartford, CT for Sale
$2,700,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 5.87% Cap Rate

156-162 Franklin Ave
Hartford, CT 06114


HIGHLIGHTS

  • Prime Location with high visibility and strong foot traffic, ideal for retailers and customers alike.
  • Low operating expenses.
  • Potential Redevelopment opportunity

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

5.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ozel Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

ms-2

APN/PARCEL ID

HTFD-000251-000676-000154

ASK ABOUT THIS PROPERTY

Alexander PryorKeller Williams Realty Greater HartfordMore Info
860-313-0700

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Alexander PryorKeller Williams Realty Greater HartfordMore Info
860-313-0700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.