Hartford CT Commercial for Sale
$3,750,000
273 Asylum Street Hartford, CT 06103
- Type:
- General Commercial
- Sq.Ft.:
- 35,277
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.3 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- 24006565
- Subdivision:
- N/A
ADDITIONAL INFORMATION
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.
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Hartford Real Estate
The median home value in Hartford, CT is $129,700. This is lower than the county median home value of $232,600. The national median home value is $219,700. The average price of homes sold in Hartford, CT is $129,700. Approximately 20.31% of Hartford homes are owned, compared to 65.03% rented, while 14.66% are vacant. Hartford real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Hartford real estate agent to arrange a tour today!
Hartford, Connecticut 06103 has a population of 124,390. Hartford 06103 is less family-centric than the surrounding county with 14.27% of the households containing married families with children. The county average for households married with children is 29.4%.
The median household income in Hartford, Connecticut 06103 is $33,841. The median household income for the surrounding county is $69,936 compared to the national median of $57,652. The median age of people living in Hartford 06103 is 30.9 years.
Hartford Weather
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 50.8 inches per year, with 38.2 inches of snow per year.