425 Franklin Avenue Hartford, CT 06114

Auction Sale price listed is starting bid. 417-429 Franklin Avenue is a 45,554-square-foot multi-tenant medical/professional office/multifamily conversion property in Hartford, CT. The vacant property was most recently occupied by several medical offices (Hartford Physical Medicine, Hartford Eye W...ellness, Hartford Orthopedic Surgeons and a school, CREC) with a previous NOI in excess of $400K. The property is divided into three sections; the original section is a three-story brick building with direct frontage along Franklin Avenue, built in 1910. The additional two sections are single-story multi-tenant buildings with separate entrances. The building boasts desirable features such as ADA-accessible doors, bathrooms, a hydraulic elevator, ramps, and storage space. Known as The Greca Plaza, it has an impressive facade, with a modern main entrance featuring solid commercial doors and an upgraded security system with key fob access. The front of the property has an attractive wrought iron gate and ample off-street parking for 87 cars. 417-429 Franklin Avenue includes a naturally brightened mezzanine, a large conference room, wide and well-lit hallways, and a grand auditorium with a 25-foot ceiling. The property has received regular renovations in the last decade, the last being in 2018. Greca Plaza is currently vacant and offers investors and users an enticing opportunity to add value through a strategic lease-up plan or owner/user use. Continue reading