Active

296 Homestead Avenue

Hartford CT, 06112

$350,000


$9.28 per sqft

Active

37,730 sqft

Commercial

Built in 1921

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.

24009127

MLS ID

April 10, 2024

Listed

August 23, 2024

Updated

Map

296 Homestead Avenue
Hartford CT, 06112

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Steam

Exterior/Building Features

Lot Size

0.87 Acres


Lot Features

Level


Roof

Tar/Gravel

Other Property Details

Area Name

Upper Albany


Taxes

$17,795


Tax Frequency

Annually


Days on Market

129


Garage

No


Parking

Off Street, Driveway


Parking Total

10


View

No


County

Hartford


Pool

No


Zoning

CX-1

Listed by Lisa Lazarus with KW Legacy Partners
Listing Contact:  

The IDX display contains information sourced from the  Smart MLS, Inc as of 8/23/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 8/23/2024 at 11:31 AM UTC

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