Property profile

348 Franklin Ave Hartford, CT 06114

OFF-MARKET
Showrooms
Property ID
US15-1316405
2,288 SF 0.16 ac lot Built 1930
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 348 Franklin Avenue, Hartford, CT, presents a unique investment opportunity. The 2,288 square foot building sits on a 0.16-acre lot boasting 46 feet of street frontage on a high-traffic road, ideal for prominent business signage. Currently operating as a social club, the property's history also includes use as a restaurant, with a fully functional commercial kitchen hood still in place. Recent upgrades include a new gas furnace and water heater installed in 2021. The property offers immediate income potential with two levels available for rent or for use by a new owner. A 14-car parking lot is located at the rear of the building. The South End of Hartford location provides excellent visibility and accessibility, with approximately 8,000 daily car counts. Its proximity to major thoroughfares like I-91 and Route 5, along with nearby businesses, Hartford Hospital and CCMC, Brainard Airport, and downtown Hartford attractions (XL Center, The Bushnell, CT Science Center, Dunkin Donuts Park, Colt Park, and various shopping and dining options) makes it highly desirable. The South End's ongoing growth and development promise strong future appreciation for this investment. The property is sold "as is."

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1930
Construction FRAME
Total area 2,288 SF
Lot 0.16 ac (6,900 SF)
Zoning code MS-2
APN HTFD M:252 B:683 L:243
UPID US15-1316405

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
  • Community Center
  • Volunteer Organization Community Center

Location

348 Franklin Ave Hartford, CT 06114-2506
Hartford metro Census 502400 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$165k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2021
Last sale
$275,000
2 recorded transactions
2021
$160,000
2009
$80,150

Zoning & alternative use

MS-2 · Hartford, CT
Zoning description

ldings and houses converted to commercial uses, all fronting pedestrian-friendly sidewalks. Ground floor storefronts contain a mix of retail and service uses, while upper stories may include office and residential uses.…

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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