Price Reduced 27.40%

$3,550,000

Est. Mortgage $17,718/mo *

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Price History

$4,890,000
3/28/2024

$4,700,000
6/17/2024

$4,600,000
8/7/2024

$3,750,000
8/8/2024

$3,600,000
9/30/2024

$3,550,000
11/4/2024

273 Asylum Street, Hartford, CT, 06103

273 Asylum Street, Hartford, CT, 06103
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0 beds

1920

35,277 sqft

Welcome to an unparalleled opportunity in the heart of downtown Hartford-an exceptional chance to spearhead the development of a residential haven in an enviable location! Embraced by the city's vibrant pulse, this former high school site stands primed for transformation, boasting approved plans for a residential complex featuring 50 units. Among these are 22 studios, 11 studio pluses offering enhanced living space, and 17 one-bedroom apartments. With the City of Hartford's seal of approval, this canvas of possibility awaits the visionary buyer seeking to redefine urban living. Commanding impressive market rents of $1,400 for studios and $1,700 for one-bedroom dwellings, the potential for lucrative returns is undeniable. Furthermore, there is opportunity to include a small parking area nearby with the purchase. Situated at the center of downtown's bustling landscape, this property offers unrivaled proximity to iconic landmarks and entertainment venues. Just a stone's throw away from the XL Center and a mere two blocks from Bushnell Park and City Place, residents will revel in a lifestyle of convenience and excitement. Immerse yourself in the cultural tapestry of the city with TheaterWorks mere steps away, while an array of esteemed dining establishments and nightlife hotspots beckon within walking distance, including Black Eyed Sally's, Agave, and Max Downtown. With easy access to major thoroughfares including I-91, I-84, and Route 2, commuting is effortless, further enhancing the allure of downtown living. Don't miss your chance to capitalize on the demand for residential accommodation in Downtown Hartford-an investment opportunity brimming with promise and potential.

Status:

Active

Type:

Commercial

Zoning:

DT-3

Frontage:

Paved Road

Heating:

Other

Cooling:

Central Air

Acreage:

0.3

Est. Taxes:

$197,540

Assessment

$2,726,570

Utilities

Gas

Lot Description:

Corner Lot,Level Lot

Days on Market:

240

MLS #:

24006565

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Lisa Cozzi, Berkshire Hathaway NE Prop. Email: mulveylisa@gmail.com