296 Homestead Avenue Active

Hartford,CT 06112

$ 350000

- Bed

- Bath

37730 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

Parking Features 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

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