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$2,700,000
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Property Description
Welcome to 156-162 Franklin Avenue, a potential retail corridor located just minutes from Hartford Hospital. This diverse retail complex offers convenient one-stop shopping for both consumers and businesses, featuring a mix of commercial units that includes a car wash, grocery store, restaurant, and office space. The property spans over 17,000 square feet and benefits from a prime location with high visibility and strong foot traffic, along with off-street parking for both tenants and visitors. Recent upgrades include roof improvements, remodeled storefronts, and a repaved rear lot, and the building also features natural gas heating. The current rent roll consists of a two-story office building at $7,000 per month, a mini-mart at $3,000 per month, a seafood restaurant at $3,000 per month, and a car wash paying $3,000 per month. Zoned MS-2, the property offers mixed-use potential, and the first floor of the office building presents an opportunity to expand and create a fifth retail space. This is an excellent portfolio addition for an investor seeking strong cash flow and a prime location.
Full Property Details
Full Property Details for 156-162 Franklin Ave
General
- Price: $2,700,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24142264
- Updated: 3/18/2026
- Added to Site: 126 day(s) ago
Interior
- Interior Features: Loading - Dock Height, Public Restrooms, Window Display
Rooms
Bathrooms
- Total Bathrooms: 5
- Half Bathrooms: 5
- Restrooms: 5
Exterior
- Exterior Features: Storage Building, Lighting, Loading Dock/Grade
Parking
- Uncovered Spaces: 20
Location
- County: Hartford
- Neighborhood: Barry Square
- Driving Directions: Turn onto Franklin ave.
- Traffic Count: 15000
Community
- Community Name: Barry Square
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Hot Air, Natural Gas
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Gas
Structural Information
- Roof: Flat, Tar/Gravel
- # Loading Docks: 2
- Stories/Levels: 2
- Stories in Building: 2
- Square Feet: 21,101
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Retail
- Year Built: 1940
Unit Information
- # Tenants: 4
Unit 1
- Unit Description: Retail
- Total Bathrooms: 1
- Partial Bathrooms: 1
Unit 2
- Unit Description: Retail
- Total Bathrooms: 1
- Partial Bathrooms: 1
Unit 3
- Unit Description: Retail
- Total Bathrooms: 1
- Partial Bathrooms: 1
Unit 4
- Unit Description: Office
- Square Feet: 8000
- Total Bathrooms: 2
- Partial Bathrooms: 2
Lot Features
- Lot Size (Acres): 0.48
- Frontage: Interstate Highway, Paved Road
- Present Use: Retail
- Potential Use: Residential and Retail Redevelopment
- Zoning: MS-2
- Lot Description: Dry, Level Lot
Water Features
- Docks: 2
Financial Considerations
- Assessment Amount: $226,730
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Plot Plan/Survey
- Property ID: 597318
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 156-162 Franklin Ave
School District:Hartford School District
| Name | Grades | Distance |
|---|---|---|
M. D. Fox Compact School 470 Maple Avenue, Hartford, CT 06114 | PK-8 | 0.2 mi |
Asian Studies School At Dwight/Belizzi School 215 South Street, Hartford, CT 06114 | PK-8 | 0.9 mi |
Dr. James H Naylor/Ccsu Leadership Academy 639 Franklin Avenue, Hartford, CT 06114 | PK-8 | 1.1 mi |
Burr School 400 Wethersfield Avenue, Hartford, CT 06114 | PK-8 | 0.3 mi |
Bulkeley High School Upper School 395 Lyme Street, Hartford, CT 06112 | 9-12 | 4.2 mi |
Renzulli Academy 85 Woodland Street, Hartford, CT 06105 | 4-8 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 156-162 Franklin Ave
Date
Details
Price
Change
Source
11/26/2025
Listed
$2,700,000
201.68%
MLS
7/20/1988
Sold
$895,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 156-162 Franklin Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,633
—
$226,730
—
2023
$15,633
—
$226,730
—
2022
$15,633
-22%
$226,730
-16%
2021
$19,964
—
$268,730
—
2020
$19,964
—
$268,730
—
2019
$19,964
—
$268,730
—
2018
$19,964
-13%
$268,730
-13%
2016
$22,907
—
$308,350
—
2015
$22,907
—
$308,350
—
2014
$22,907
—
$308,350
—
2011
$22,907
—
$308,350
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 156-162 Franklin Ave
156-162 Franklin Avenue, Hartford, CT 06114 (MLS# 24142264) is a Commercial property. 156-162 Franklin Avenue is currently listed for $2,700,000 and was received on November 26, 2025. This property is listed by Alexander Pryor from our South Windsor Office.Want to learn more about 156-162 Franklin Avenue? Do you have questions about finding other Commercial real estate for sale in Hartford? You can browse all Hartford real estate or contact a Coldwell Banker agent to request more information.


