Equipped Commercial
227 Franklin Ave, Hartford, CT 06114
For Sale
$499,000
Former bakery property offered with existing bakery equipment inventory for food-service operations.
Property Size1,470 SF
Price / SF$339.46
Days on Market97
Property Features for 227 Franklin Ave
General Information
Standard status
Size
Additional Details
Equipment Included
Building Details
Year Built
Listing Agency:
Century 21 Bay-Mar Realty
Listed By:
Betty Sanchez · License #RES.0769369
(860) 878-4837
Source:
Valkyrierealtyllc
Added: Aug 5
Changed: Oct 25
Last Checked: Oct 7 at 3:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Bay-Mar Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 227 Franklin Ave in Hartford, Connecticut, this commercial property includes a former bakery with an existing inventory of bakery equipment. The sale combines the real estate and equipment, providing an established physical setup for food-service use.
The property was built in 1950 and is positioned in a walkable, transit-served setting. WalkScore is 92, TransitScore is 80, and BikeScore is 59. The property information identifies potential applications including bakery, cafe, restaurant, catering, and other food-service operations.
The property was built in 1950 and is positioned in a walkable, transit-served setting. WalkScore is 92, TransitScore is 80, and BikeScore is 59. The property information identifies potential applications including bakery, cafe, restaurant, catering, and other food-service operations.
Key Highlights
- Former bakery with existing bakery equipment inventory
- Sale includes the commercial real estate and bakery equipment
- 227 Franklin Ave, Hartford, CT 06114
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,475
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,500
$389.5K
Cap Rate 7%
$278,214
$278.2K
Cap Rate 9%
$216,389
$216.4K
Market Conditions
NOI Build-Up for 1,470 SF
Gross rent
$28.2K $19.20/SF
− Vacancy
−$2.3K −$1.54/SF
EGI
$26.0K $17.66/SF
− OpEx
−$6.5K −$4.42/SF
NOI
$19.5K $13.25/SF
Area
Hartford, CT
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,500
Cap Rate 7%
$278,214
Cap Rate 9%
$216,389
Alternative Uses
Best Use
Specialty Retail
$278.2K
$243.4K – $324.6K
NOI $19,475 @ 7.0% cap · market cap 3.90%
Second Best
Industrial
$236.7K
$207.1K – $276.2K
NOI $16,570 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$438.2K
$383.4K – $511.2K
NOI $30,672 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,631
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 17%
Groceries 13%
Electronics 3%
Family Dollar
Shops & Services
10,435 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,497 visits/mo
0.5 miles
Bravo Supermarkets
Groceries
7,539 visits/mo
0.4 miles
Dollar General
Shops & Services
6,698 visits/mo
0.4 miles
M&T Bank
Shops & Services
4,776 visits/mo
0.1 miles
Demographics for 06114, CT
26,257
Population
11,206
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
4.0 sq mi
ZIP Area
6,564
Density / Sq Mi
$47,905
Median Household Income
$31,996
Median Earnings
$1,296
Median Rent
$228,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Hartford, CT
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Former bakery property offered with existing bakery equipment inventory for food-service operations.
Where is this commercial kitchen located?
The property is located at 227 Franklin Ave Hartford, CT.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Former bakery with existing bakery equipment inventory; Sale includes the commercial real estate and bakery equipment; 227 Franklin Ave, Hartford, CT 06114
