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000 Homestead Avenue

Hartford, CT 06112
  • $400,000
  • STATUS: Active
  • MLS #: 170543929
UPDATED: 79 min ago
$400,000
  • 0
    BEDS
  • 0.87
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 22,007
    SQFT
  • $18
    $/SQFT
Type:
Commercial
Built:
1921
County:
Area:

School Ratings & Info

Description

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.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-02-21T14:11:36.823.
www.edgepropertysearch.com/homes/135936286
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000 Homestead Avenue Hartford, CT 06112

  • Price: $400,000
  • Status: Active
  • On Site: Days
  • Updated: 79 min ago
  • MLS #: 170543929
0
Beds
0
Baths
0
½ Baths
0.87
Acres
22,007
SQFT
$18
$/SQFT
1921
Built
County:
Hartford
Area:
Hartford
Property Description
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.
Exterior Features

Garage And Parking Paved Lot Description Level Lot Parking Total Spaces 0 Road Frontage Description Municipal Street Roof Information Tar/Gravel

Interior Features

Cooling System None Heat Type Gas On GasSteam Sq Ft Total 22007

Property Features

Agent Owner YN No Bank Owned Property No Foundation Type Concrete Heat Fuel Type Gas In Street Hubbard YN No Location Urban Potential Short Sale No Potential Use Mixed-Use Present Use Industrial/Manufacturing Sewage System Public Sewer Connected Under Agreement Yn No Utilities Available Electric AvailableGas AvailablePhone AvailableCable Available Water Source Public Water Connected Zoning Cx-1

Listing information © 2024 Smart MLS
Listing provided courtesy of Lisa P. Lazarus of Berkshire Hathaway NE Prop.: (860) 633-3674.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-02-21T14:11:36.823.
 
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