About 296 Homestead Avenue
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.
Features of 296 Homestead Avenue
MLS® # | 24009127 |
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Price | $350,000 |
Square Footage | 37,730 |
Square Footage | Public Records |
Acres | 0.87 |
Year Built | 1921 |
Type | Commercial For Sale |
Status | Active |
Community Information
Address | 296 Homestead Avenue |
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Area | Upper Albany |
City | Hartford |
County | Hartford |
State | Connecticut |
Zip Code | 06112 |
Amenities
Utilities | Electric Available, Gas Available |
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Parking Spaces | 10 |
Parking | Paved, Off Street Parking, Driveway |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Steam, Other |
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Cooling | None |
Fireplace | No |
# of Stories | 2 |
Has Basement | No |
Exterior
Exterior Features | Doors - 10-15 ft, Loading Dock/Grade |
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Lot Description | Level Lot |
Roof | Tar/Gravel |
Foundation | Concrete |
Additional Information
Date Listed | April 10th, 2024 |
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Days on Market | 186 |
Zoning | CX-1 |
RE / Bank Owned | No |
Listing Details
Office | KW Legacy Partners |
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