348 Franklin AveHartford, CT 06114

Property Details for 348 Franklin Ave

Year built

1930

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

2,288 SF

Zone code

MS-2

Property type

Other commercial real estate

Property subtype

Showrooms

APN

HTFD M:252 B:683 L:243

APU

HTFDM252B683L243

Description

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."

• CAP approach

  CAP return

  Valuation

  6%

  $556,064

  6.5%

  $513,290

  7%

  $476,626

• Comparable approach

  Method

  Valuation

  Relative Method

  $753,354

  Geo Method

  $753,354

• Alternative Use

  Use

  Valuation

  Residential

  $432,979

  Hospitality

  $396,607

  Educational

  $329,972

  Medical

  $341,320

  Retail

  $513,290

Location Insight

City

Hartford

County

Hartford

State

Connecticut

Latitude

41.7406

Longitude

-72.6755

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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