3281 Main StHartford, CT 06120

Property Details for 3281 Main St

Year built

1940

Construction

STEEL FRAME

Lot size

0.91 AC

Property size (Sq ft)

14,280 SF

Zone code

MS-1

Property type

Retail properties

Property subtype

Retail space

APN

HTFD M:284 B:120 L:028

APU

HTFDM284B120L028

Description

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.

Location Insight

City

Hartford

County

Hartford

State

Connecticut

Latitude

41.7962

Longitude

-72.6638

CBSA code

25540

CBSA name

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

Property Tax & Assessments

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