Property summary
This exceptional 14,280 square foot retail center, situated on a prominent 3-acre corner lot in Hartford, Connecticut, presents a compelling investment opportunity. Located at the signalized intersection of Tower Avenue and Main Street, this property boasts excellent visibility and high traffic counts, averaging 17,000 vehicles daily. Built in 1940 and renovated in 1980, the building features 14-foot ceilings and offers significant potential for redevelopment or continued operation as a retail center. The asking price of $2,200,000 represents a 9% capitalization rate on existing income. The property's designation as an Opportunity Zone further enhances its investment appeal, offering potential tax advantages. The sale includes the existing bar and club, along with excess land, adding to the overall value and flexibility of this prime commercial property. The address is 3281 Main St, Hartford, CT 06120. This is a rare chance to acquire a well-located, established retail center with substantial upside potential in a thriving Connecticut market.
Property profile
VerifiedCap rate & NOI
Current use
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Barber Shop
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Barber Shop
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Nail Salon
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Church
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
t. Main Street (MS) 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.…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MS-1 · Hartford, CTt. Main Street (MS) 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.…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
t. Main Street (MS) 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.…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MS-1 in Hartford, CT.
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