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330-332 Franklin Ave
Hartford, CT 06114

Retail Property For Sale

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Executive Summary

SELLER FINANCING AVAILABLE!!!! Building and business for Sale. Great INCOME - with 67% NOI for this beautiful brick mixed use building with 2 residential units (2Bed/1Bath) and an extremely well-established Liberty Tax Franchise housed on the spacious 1st floor in 5 offices. The Liberty Tax Franchise, which is operated during the first four months of the year, must be part of the sale but does not require the use of all 5 offices and can be rented separately. This building has significant foot and automobile traffic resulting in higher revenue with over 677 clients acquired. The seller/franchise staff can be made available to stay involved with the business for an agreed upon period to assure a smooth transition. Off Street Parking and 4 Garages add value and extra income. Tenant paid utilities.

PROPERTY FACTS

Sale Type

Investment or Owner User

Sale Condition

Business Value Included

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

5,073 SF

Building Class

Year Built

1920

Price

£520,975

Price Per SF

£103

Net Initial Yield

24.23%

NOI

£126,236

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.69

Lot Size

0.17 AC

Zoning

MS-2

Parking

8 Spaces (1.57 Spaces per 1,000 SF Leased)

Frontage

60 ft on Franklin

Amenities

Bus Route

Pylon Sign

About 330-332 Franklin Ave , Hartford, CT 06114

Great INCOME - with 67% NOI for this beautiful brick mixed use building with 2 residential units (2Bed/1Bath) and an extremely well-established Liberty Tax Franchise housed on the spacious 1st floor in 5 offices. The Liberty Tax Franchise, which is operated during the first four months of the year, must be part of the sale but does not require the use of all 5 offices and can be rented separately. This building has significant foot and automobile traffic resulting in higher revenue with over 677 clients acquired. The seller/franchise staff can be made available to stay involved with the business for an agreed upon period to assure a smooth transition. Off Street Parking and 4 Garages add value and extra income. Tenant paid utilities.

Listing ID: 25801752
Date on Market: 27/05/2022
Last Updated:
Address: 330-332 Franklin Ave, Hartford, CT 06114

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