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