NOMADEReal Estate

$2,700,000

Active

156-162 Franklin Avenue

Hartford, Connecticut, 06114 · Hartford County

0

Beds

5

Baths

21,101

Sq Ft

1940

Built

MLS # 24142264

Price / Sq Ft

$128

Property Type

Commercial For Sale

Lot Size

0.48

Class

Property

About This Property

Welcome to 156-162 Franklin Avenue, a potential retail corridor located just minutes from Hartford Hospital. This diverse retail complex offers convenient one-stop shopping for both consumers and businesses, featuring a mix of commercial units that includes a car wash, grocery store, restaurant, and office space. The property spans over 17,000 square feet and benefits from a prime location with high visibility and strong foot traffic, along with off-street parking for both tenants and visitors. Recent upgrades include roof improvements, remodeled storefronts, and a repaved rear lot, and the building also features natural gas heating. The current rent roll consists of a two-story office building at $7,000 per month, a mini-mart at $3,000 per month, a seafood restaurant at $3,000 per month, and a car wash paying $3,000 per month. Zoned MS-2, the property offers mixed-use potential, and the first floor of the office building presents an opportunity to expand and create a fifth retail space. This is an excellent portfolio addition for an investor seeking strong cash flow and a prime location.

Property Details

156-162 Franklin Avenue, Hartford Connecticut 06114 — Commercial For Sale listed at $2,700,000.

At a Glance

0

Bedrooms

5

Bathrooms

21,101

Sq Ft

0.48

Lot Size

--

Garage

1940

Year Built

The Details

Property TypeCommercial For Sale
NeighborhoodHartford
Address156-162 Franklin Avenue
MLS Number24142264
Year Built1940
Square Footage21,101
Lot Size0.48
Bedrooms0
Bathrooms5
Water SourcePublic Water Connected

Property Details

Other Details

Additional Space Available YN1
Business Included YNNNegotiable
Documents AvailablePlot Plan/Survey
Gross Annual Expense15633
Gross Annual Income192000
Net Operating Income176000
Numberof Docks2
Numberof Tenants4
Parcel Number597318
Parking Spaces Uncovered20
Subdividable YNUYes
Traffic Count15000
ZoningMS-2

Financial

Assessed Value226730
Mil Rate Total68.95
Property Tax15633
Tax YearJuly 2025-June 2026

Property Features

Cooling SystemCentral Air
Exterior FeaturesStorage Building,Lighting,Loading Dock/Grade
Foundation TypeConcrete
Heat Fuel TypeNatural Gas
Heat TypeHot Air
Interior FeaturesLoading - Dock Height,Public Restrooms,Window Display
Roof InformationFlat,Tar/Gravel

All Photos (22)

Affordability Calculator

$2,700,000

Down Payment$540,000
Loan Amount$2,160,000
Principal & Interest$13,653/mo
Property Tax$2,700/mo
Insurance$100/mo
Est. Monthly$16,453/mo

Listing Agent

A

Alexander Pryor

Coldwell Banker Realty

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Quick Facts

StatusActive
TypeCommercial For Sale
ClassProperty
MLS #24142264
Last Updated2026-03-19