156 Franklin Avenue Hartford, CT $ 2,700,000
156 Franklin Avenue
$ 2,700,000
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156 Franklin Avenue

Hartford, CT, 06114
$ 2,700,000
Bedrooms-- Baths5.5 Sq 21,101

Monthly Estimate*

$ 16,844

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Commercial Property for sale in Hartford, CT

for $2,700,000 with 5 full baths, 5 half baths. This 21,101 square foot building was built in 1940 on a lot size of 0.48.

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. Units can be sold separately.

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Commercial Active

Price

$ 2,700,000

Full Bath

5

Half Bath

5

Property Type

Commercial

Taxes

$ 15,633

Style

Lot Size

0.48

Year Built

1940

Town/City

Hartford

MLS | Web ID

24142264

Features
General
Zoning MS-2
Neighborhood Barry Square
County Hartford
Tax Year July 2025-June 2026
Location Highway Access Downtown Shopping Mall Strip Mall Retail Corridor
Property Type Commercial For Sale
Status Active
Acres 0.48
Directions Turn onto Franklin ave.
City Hartford
Sq Ft Total 21101
DOM 5
Year Built 1940
Present Use Retail
Net Operating Income 176000
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Interior
Utilities Available Gas
Cooling System Central Air
Total Rooms 0
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Exterior
Water Source Public Water Connected
Lot Description Dry Level Lot
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* Excluded Features
List By
Alexander Pryor

Listing Agent

Coldwell Banker Realty

Broker

Alexander.Pryor@cbrealty.com

Email

Affordability Calculator

$18,147
Per Month
93%
7%
0%
Monthly Principal & Interest
$16,844
Monthly Property Taxes
$1,303
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/26/2025$2,700,000 Listed Price

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156 Franklin Avenue, Hartford, CT, 06114 is a Commercial Property for sale at $2,700,000 with 21,101 sqft and a lot size of 0.48. 156 Franklin Avenue has 5.5 baths and was built in 1940. The property's zip code is 06114 which is in Hartford, CT