Lincoln Plaza 450-460 Franklin Ave 16,083 SF 100% Leased Retail Building Hartford, CT 06114 $2,800,000 ($174.10/SF) 6.50% Cap Rate

Lincoln Plaza stands as a meticulously maintained, mixed-use property nestled in one of Hartford's most desirable locations. The property offers 12 one-bedroom apartments paired with five bustling commercial units. Each unit is individually metered, and the building enjoys full occupancy mainly from long-standing residents who value stability. Significant renovations completed in the late 1990s brought modernized sheetrock, doors, windows, and updated electric and gas meters. Residents benefit from 12 designated parking spots, additional side-lot options, and convenient street parking. The surrounding neighborhood is alive with steady foot traffic, fueling the in-place commercial tenant mix with businesses such as a Chinese restaurant, grocery store, laundromat, check-cashing service, and nail salon. The seller commits to fresh pavement along the front entry as well as repairs to the rear parking lot, ensuring lasting curb appeal. For investors seeking supplemental revenue, the laundromat business may be acquired separately.

The South End neighborhood of Hartford presents a prime opportunity for investment. The area benefits from excellent connectivity via Interstate 91, which is conveniently located near the property and provides easy access to regional destinations. Maple Avenue links South End directly to Downtown Hartford, with a travel distance of less than three miles. Public transportation is readily available, with numerous CT Transit bus stops along the main thoroughfares. The neighborhood offers a variety of dining options that cater to the local community, including Franklin Giant Grinder Shop, Just a Twist, and Modern Pastry Shop. Notable places of interest in close proximity include Hartford Hospital, Hartford-Brainard Airport, and Trinity College.