273 Asylum Street, Hartford, CT 06103 (MLS # 24006565)

Price $4,890,000
Status Active
Size 35,277 sqft
Lot Size 13,068 sqft
Days on Market 39
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.
Property Type(s): Commercial
Last Updated 3/29/2024 Year Built 1920
County Hartford

Additional Details

AIR Central Air
AIR CONDITIONING Yes
LOT 0.3 acre(s)
LOT DESCRIPTION Corner Lot, Level
SEWER Public Sewer
TAXES 187997
UTILITIES Natural Gas Available
WATER Public
ZONING DT-3

Location

 

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Listing courtesy of Berkshire Hathaway NE Prop.
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