Property summary
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
VerifiedCap rate & NOI
Current use
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Community Center
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Volunteer Organization Community Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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.…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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-2 · Hartford, CTldings 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.…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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.…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MS-2 in Hartford, CT.
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