$ 350,000
296 Homestead Avenue Hartford, CT 06112
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$ 350,000
Est. payment | /mo
37,730 SqFt
$ 350,000
Est. payment | /mo
37,730 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 37,730 sqft
Price per Sqft $9
MLS Listing ID 24009127
Year Built 1921
Annual Tax Amount $17,795
Lot Size 0.870 Acres
Property Description
CALLING ALL SAVVY AND EXPERIENCED DEVELOPERES! The property is in one of Hartford's heavily trafficked Opportunity Zones (See attached for resources). The building is an old Factory registered as a Historic Place in Hartford's Opportunity Zone! The original plant was enlarged in 1943 and remained in continuous use until 2010, when the Company ceased operations. Please refer to the attachments for more property information. The neighborhood surrounding the factory is developed with a mix of residential, industrial, commercial, and institutional buildings, and parallel to one of the city's primary commercial corridors, Albany Avenue. Most recently, Hartford Specialty Machinery Co., also on Homestead Ave, was purchased or the express purpose of constructing a cannabis grow operation. Current zoning regulations allow for Multifamily (4+ units) developments; Small Residential Care; Hotel/Apartment Hotel; Community Service; Offices. Medical Marijuana production allowed subject to use-specific conditions (*possible Special Permit). Currently, approximately 1,200 sf is being rented by 2 tenants for storage and generating $28,800/year. There are no leases in place. Phase II environmental reports are available. Showings require 24 hours notice.
Location
State CT
County Hartford
Zoning CX-1
Interior
Heating Steam
Cooling None
Exterior
Exterior Feature Doors - 10-15 ft, Loading Dock/Grade
Garage Paved, Off Street Parking, Driveway
Utilities Available Electric Available, Gas Available
Roof Type Tar/Gravel
Building
Lot Description Level Lot
Story 2
Foundation Concrete
Sewer Public Sewer In Street
Water Public Water In Street
Listed by Lisa Lazarus • KW Legacy Partners
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Ilka Torres
Broker | License ID: REB.0794005