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$ 2,300,000
Est. payment | /mo
50,170 SqFt
$ 2,300,000
Est. payment | /mo
50,170 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 50,170 sqft
Price per Sqft $45
MLS Listing ID 170581541
Year Built 1960
Annual Tax Amount $55,891
Lot Size 4.450 Acres
Property Description
Prime opportunity in the south end of Hartford. Expansive 50,170 sq. ft. commercial building with a clean slate interior, providing endless possibilities for customization offering easy access to major highways and nearby amenities. Ideal investment with the potential for conversion into 48 spacious residential apartments. Recent permit issued in April 2022 just expired. As soon as you walk inside it starts showcasing the progress made towards the remodeling project. Significant work already completed, saving time and effort for potential buyers. With the property already approved for the Tax Exemption Program in Hartford, Connecticut, it adds long-term financial benefits for the new owner. Surrounded by a thriving community, it's an attractive choice for residents seeking modern and convenient living spaces. Ample parking space available, catering to the needs of both residents and visitors. With the demand for residential apartments in the area increasing by the day. This is definitely presenting a lucrative opportunity for investors. A rare chance to own a large-scale property with immense potential for profit and growth in the thriving Hartford market. Extra Docs available upon requests(Change of use letter, asbestos removal, solar proforma, updated site plan, unit schematic and sizes.
Location
State CT
County Hartford
Zoning NX-2
Interior
Interior Features Handicap Design, Living Space Available
Heating Gas on Gas
Cooling None
Flooring Concrete
Exterior
Exterior Feature Awnings, Doors - 16-20 ft, Gutters, Lighting, Sidewalk
Garage Detached Garage
Utilities Available Electric Available, Gas Available, Phone Available, Cable Available
Roof Type Asphalt Shingle,Metal
Building
Lot Description Level Lot
Story 1
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Jayson Kemp • Five Stars Realty