3281 Main St Hartford, CT 06120-1164
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.
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Paul's Ranch House & Pizza Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
MS-1 · Hartford, CTHartford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.