450-460 Franklin Ave - Storefront Retail/Residential FOR SALE


Hartford, CT 06114- South End
$2,800,000 USD
475-250-2753
450-460 Franklin Ave, Hartford, CT for Sale
$2,800,000 USD
Storefront Retail/Residential - FOR SALE
1/21
null | 6.5% Cap Rate

450-460 Franklin Ave
Hartford, CT 06114
South End


HIGHLIGHTS

  • Heavy traffic
  • Fire alarm system
  • Fully occupied, long term tenants

OVERVIEW

Solid mixed use property. 12 good sized one bedroom apartments and 5 commercial units. All separated utilities. Fully occupied. Most of them are long term tenants. This building was completely renovated in the late 90s. New sheetrock has been installed on all walls in all apartments and hallways. All doors, door frames, windows and window frames have been replaced, so you have peace of mind with the lead paint issue. All electric meters and gas meters have been replaced at some point. There are 12 parking spaces for the residential tenants. Parking at side of the building and on the street. Heavy foot traffic generates good business for the commercial tenants. Typical neighborhood business, Chinese Restaurant, Grocery store, Laundromat, Check and Cash and Nail Salon, as these business are all doing well. Seller to pay for new pavement in front of the building, and to repair back parking lot with a new coasting. Laundromat business can be sold together at buyer's option.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lincoln Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

B4

APN/PARCEL ID

HTFD-000253-000802-000267

ASK ABOUT THIS PROPERTY

Lani Liu-HelischSovereign PropertiesMore Info
475-250-2753

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Lani Liu-HelischSovereign PropertiesMore Info
475-250-2753

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