For Sale
$2,200,000

3281 Main StHartford, CT 06120

14,280 SF Retail Center, Opportunity Zone

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • 14,280 SF retail center on ±3 acres for sale.
  • 9% cap rate on existing income.
  • Located in an Opportunity Zone.
  • High-visibility corner lot at Tower Ave & Main St, signalized intersection.
  • 17,000 vehicles per day traffic count.
  • 14' ceiling height.

Property Details for 3281 Main St

Property type
Lifestyle centers, Power centers
Square Feet
14,280 SF
Year Built/Renovated
1940/1980
Lot Size (sq. ft)
130,680 SF

Location Insight

City
Hartford
County
Hartford
State
Connecticut
Latitude
41.7961746
Longitude
-72.6638348
3281 Main St, Hartford, Connecticut

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3281 Main St
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