Property profile

3281 Main St Hartford, CT 06120

OFF-MARKET
Retail space
Property ID
US15-1231580
14,280 SF 0.91 ac lot Built 1940
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Construction STEEL FRAME
Total area 14,280 SF
Lot 0.91 ac (39,849 SF)
Zoning code MS-1
APN HTFD M:284 B:120 L:028
UPID US15-1231580

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Barber Shop
  • Barber Shop
  • Nail Salon
  • Church
  • Restaurant

Location

3281 Main St Hartford, CT 06120-1164
Hartford metro Census 524400 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$475k

Owner & transaction history

since 2025
Last sale
$1.4M
2 recorded transactions
2025
$1.4M
2009
Price N/A

Zoning & alternative use

MS-1 · Hartford, CT
Zoning description

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.…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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