Individually Owned Property summary
This exceptional investment opportunity presents a thriving multi-tenant commercial complex at 156 Franklin Avenue, Hartford, CT. Spanning 21,101 square feet on a 0.48-acre lot, this property boasts a diverse mix of established businesses, including a car wash, grocery store, seafood restaurant, and a two-story office building. The complex benefits from high visibility and strong foot traffic due to its prime location just minutes from downtown Hartford. Ample off-street parking is available… for tenants and customers. Recent upgrades include a remodeled roof, updated storefronts, and a repaved rear lot. The property features natural gas heating and enjoys low operating expenses, resulting in a 5% capitalization rate. Current monthly rental income totals $14,500, comprised of $6,500 from the office building, $3,000 from the mini-mart, $2,500 from the seafood restaurant, and $2,500 from the car wash. The property is zoned MS-2, allowing for mixed-use potential. Further expansion opportunities exist, with the potential to add a fifth retail space on the first floor of the office building. This well-maintained complex offers a strong cash flow and represents a stable investment in a rapidly growing neighborhood. The asking price is $2,700,000.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 17 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 14,402 SF
- Lot area
- 0.48 ac
- Year built
- 1940
- Stories
- 2
- APN
- HTFD M:251 B:676 L:154
- Zoning
- MS-2
- Assessed value · 2023
- $226,730
- Annual tax · 2023
- $15,633
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The MS districts continue the pattern of traditional mixed-use main street development with ground floor storefronts in neighborhood centers, at interior neighborhood nodes and along major corridors.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Location Insight
- Alternative use
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