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.
This real estate listing for sale at 000 Homestead is presently used as with 22007 total sqft and was built in 1921. It is located in the Hartford, CT area with the 06112 zip code. For more info about the property at 000 Homestead, Hartford, CT 06112 or if you would like to schedule a showing, please contact the listing agent above.
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Mortgage: $2,553
Taxes: $1,483
Insurance: $0
HOA: $0
Utilities: $0
Downpayment: $14,000
