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$1,450,000
Est. payment /mo
1 Bath
27,548 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 27,548 sqft
Price per Sqft $52
MLS Listing ID 24188027
Full Baths 1
Year Built 1888
Annual Tax Amount $11,615
Lot Size 1.570 Acres
Property Description
Exceptional adaptive reuse opportunity with all major approvals already in place. This property comes fully approved for the conversion into 26 residential units, consisting of 22 - one bedroom apartments and 4 - two bedroom apartments. Architectural, MEP, and all necessary site approvals have been secured, allowing a developer to begin construction immediately. The building has already undergone interior demolition, significantly reducing upfront time and costs. Adding to the value, Phase I and Phase II Historic Tax Credit approvals have been obtained, creating the potential for substantial financial incentives for qualified buyers. The property is ideally situated with ample on site parking, convenient access to shopping, restaurants, and major transportation routes. This is a rare, shovel ready development opportunity with approvals in place, valuable historic tax credit eligibility, and tremendous upside in a growing market.
Location
State CT
County Hartford
Zoning GB
Interior
Heating Hot Air
Cooling None
Exterior
Utilities Available Electric
Roof Type Not Applicable
Building
Lot Description Level Lot
Story 4
Sewer Public Sewer Connected
Water Public Water Connected
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Listed by Natalie Zoef • Vanguard Private Client Grp
NEARBY SCHOOL & BUSINESS
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