$ 3,550,000
273 Asylum Street Hartford, CT 06103
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$ 3,550,000
Est. payment /mo
Price Dropped by $50K
273 Asylum Street Hartford, CT 06103
35,277 SqFt
UPDATED:
11/04/2024 11:14 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 35,277 sqft
Price per Sqft $100
MLS Listing ID 24006565
Year Built 1920
Annual Tax Amount $197,540
Lot Size 0.300 Acres
Property Description
Welcome to an unparalleled opportunity in the heart of downtown Hartford-an exceptional chance to spearhead the development of a residential haven in an enviable location! Embraced by the city's vibrant pulse, this former high school site stands primed for transformation, boasting approved plans for a residential complex featuring 50 units. Among these are 22 studios, 11 studio pluses offering enhanced living space, and 17 one-bedroom apartments. With the City of Hartford's seal of approval, this canvas of possibility awaits the visionary buyer seeking to redefine urban living. Commanding impressive market rents of $1,400 for studios and $1,700 for one-bedroom dwellings, the potential for lucrative returns is undeniable. Furthermore, there is opportunity to include a small parking area nearby with the purchase. Situated at the center of downtown's bustling landscape, this property offers unrivaled proximity to iconic landmarks and entertainment venues. Just a stone's throw away from the XL Center and a mere two blocks from Bushnell Park and City Place, residents will revel in a lifestyle of convenience and excitement. Immerse yourself in the cultural tapestry of the city with TheaterWorks mere steps away, while an array of esteemed dining establishments and nightlife hotspots beckon within walking distance, including Black Eyed Sally's, Agave, and Max Downtown.
Location
State CT
County Hartford
Zoning DT-3
Interior
Heating Other
Cooling Central Air
Exterior
Utilities Available Gas
Roof Type Flat,Tar/Gravel
Building
Lot Description Corner Lot, Level Lot
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Lisa Cozzi • Berkshire Hathaway NE Prop.