Homes for sale - 273 Asylum Street, Hartford, CT 06103

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KIRK & STACY WEINGARTEN

stacy.weingarten@joinreal.com +1(941) 432-4141

$3,490,000

Est. payment - /mo

35,277 SqFt

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UPDATED:

02/28/2025 06:51 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 35,277 sqft

Price per Sqft $98

MLS Listing ID 24066970

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. Easy access to major thoroughfares including I-91, I-84, and Route 2 makes commuting effortless.

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

Others

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Listed by Lisa Cozzi • Century 21 AllPoints Realty

273 Asylum Street Hartford, CT 06103