446 Franklin Ave Hartford, CT 06114
- Auto shops
- 1,749 SF
- 0.17 lot acres
Current Use by Public Records
- E J & H Electric LLC / Electrician
- Danny's Auto World Sales & Services / Used Car Dealer
Property Details for 446 Franklin Ave
- Year built
- 1931
- Construction
- FRAME
- Lot size
- 0.17 lot acres
- Property size
- 1,749 SF
- Zone code
- MS-2
- Property type
- Auto shops
- APN
- HTFD M:253 B:686 L:260
- APU
- HTFDM253B686L260
Description
This prime commercial property at 446 Franklin Avenue, Hartford, Connecticut, offers a unique investment opportunity. Spanning 1,749 square feet on a 0.17-acre lot, the property is currently configured as an automotive repair shop, benefiting from excellent visibility and accessibility in a high-traffic area. Its functional layout and ample on-site parking cater to both efficiency and customer convenience. The property's versatile design, however, allows for adaptation to a range of commercial uses beyond automotive repair, presenting significant potential for diverse business ventures. The asking price is $499,000. This well-maintained building presents a strong return on investment for savvy buyers seeking a profitable venture in a thriving commercial district. The property's strategic location ensures high visibility and easy access for customers, contributing to its overall appeal and potential for success. Its adaptable interior space and ample parking make it an attractive option for a variety of commercial enterprises. This is a rare opportunity to acquire a valuable asset in a desirable location. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $165,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $160,000
- 6.5%
- $150,000
- 7%
- $145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $155,000
- Geo Method
- $175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $190,000
- Mixed-Use
- $180,000
- Hospitality
- $150,000
- Educational
- $170,000
- Residential Income
- $170,000
- Energy
- $175,000
- Income-Based Land
- $170,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Hartford
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.6749
- Latitude
- 41.7373
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
