296 Homestead Avenue, Hartford, (Upper Albany), CT, 06112
1921
37,730 sqft
CALLING ALL SAVVY AND EXPERIENCED DEVELOPERES! The property is in one of Hartford's heavily trafficked Opportunity Zones (https://portal.ct.gov/DECD/Services/Business-Development/Tax-Incentives/Opportunity-Zones and 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.
Status:
Active
Town:
Hartford
Type:
Commercial
Zoning:
CX-1
Frontage:
Municipal Street
Garage:
Paved, Off Street Parking, Driveway
Heating:
Steam
Cooling:
None
Parking:
10-car
Acreage:
0.87
Est. Taxes:
$17,795
Assessment
$258,090
Current Use
Storage
Permitted Use
Warehouse, Mixed Use, Multifamily, Retail, Light Manufacturing
Utilities
Electric Available,Gas Available
Lot Description:
Level Lot
Days on Market:
34
MLS #:
24009127
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Lisa Lazarus, KW Legacy Partners Email: lisa@themialeteam.com