Description for
296 Homestead AvenueHartford, CT 06112
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.
Price
$350,000
Hartford
37,730 (approx)
24009127
Active
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.
Listing Information
Property Type: Business Opportunities, 2 Story
0.87 Acres
37,730 (approx)
1921
2
Natural Gas Available
Neighborhood
Room Information
Interior Features
None
Steam
Exterior / Lot Features
10 Parking Spaces,Off Street
Tar Gravel
CX-1
Level
Driving Directions
Per GPS
Financial Considerations
605885
$17,795
Listing Price History
Hartford Real Estate
Hartford is located in Connecticut.
Hartford, Connecticut 06112 has a population of 126,084.
The median household income for the surrounding county is $77,593
compared to the national median of $66,222.
The median age of people living in Hartford 06112 is 42 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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City
Beds
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Sold Price
Sold Date
No information is available for recently sold properties within this search.