Technical
Financial
Distress signals
Property profile

446 Franklin Ave Hartford, CT 06114

FOR SALE
Auto shops
Property ID
US15-0392437
1,749 SF 0.17 ac lot Built 1931
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This prime commercial property at 446 Franklin Avenue, Hartford, Connecticut, offers a unique investment opportunity. Spanning 1,749 square feet on a 0.17-acre lot, the property is currently configured as an automotive repair shop, benefiting from excellent visibility and accessibility in a high-traffic area. Its functional layout and ample on-site parking cater to both efficiency and customer convenience. The property's versatile design, however, allows for adaptation to a range of commercial uses beyond automotive repair, presenting significant potential for diverse business ventures. The asking price is $499,000. This well-maintained building presents a strong return on investment for savvy buyers seeking a profitable venture in a thriving commercial district. The property's strategic location ensures high visibility and easy access for customers, contributing to its overall appeal and potential for success. Its adaptable interior space and ample parking make it an attractive option for a variety of commercial enterprises. This is a rare opportunity to acquire a valuable asset in a desirable location. Serious inquiries are encouraged.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1931
Construction FRAME
Total area 1,749 SF
Lot 0.17 ac (7,340 SF)
Zoning code MS-2
APN HTFD M:253 B:686 L:260
UPID US15-0392437

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
  • Electrical Service General Contractor
  • Car Dealership

Location

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2020
Last sale
$160,000
4 recorded transactions
2020
Price N/A
2019
Price N/A
2001
$160,000
1990
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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