296 Homestead Avenue, Hartford, Connecticut

$350,000

Previous Next

37,730

Square feet

0.87

Acres

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
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
Area Upper Albany
City Hartford
County Hartford
State Connecticut
Zip Code 06112

Amenities

Utilities Electric Available, Gas Available
Parking Spaces 10
Parking Paved, Off Street Parking, Driveway
Is Waterfront No
Has Pool No

Interior

Heating Steam, Other
Cooling None
Fireplace No
# of Stories 2
Has Basement No

Exterior

Exterior Features Doors - 10-15 ft, Loading Dock/Grade
Lot Description Level Lot
Roof Tar/Gravel
Foundation Concrete

Additional Information

Date Listed April 10th, 2024
Days on Market 186
Zoning CX-1
RE / Bank Owned No

Listing Details

OfficeKW Legacy Partners

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?