296 Homestead Ave - Manufacturing FOR SALE


Hartford, CT 06112
$350,000 USD
860-881-8009
296 Homestead Ave, Hartford, CT for Sale
$350,000 USD
Manufacturing - FOR SALE
1/12
null | Request Cap Rate

296 Homestead Ave
Hartford, CT 06112


HIGHLIGHTS

  • The property spans 18,219 square feet, providing ample space for various uses

OVERVIEW

Stanley P. Rockwell Company Factory, a registered Historic Place, is a brick factory comprised of six adjoining one- to two-story red brick, concrete block, or wood-frame blocks. The original plant was enlarged in 1943 and remained in continuous use until 2010, when the Company ceased operations. Please refer to the attachments for more property information. The neighborhood surrounding the Stanley P. Rockwell Company factory is developed with a mix of residential, industrial, commercial, and institutional buildings, and parallel to one of the city’s primary commercial corridors, Albany Avenue. Most recently, Hartford Specialty Machinery Co., also on Homestead Ave, was purchased or the express purpose of constructing a cannabis grow operation. Current zoning regulations allow for Multifamily (4+ units) developments; Small Residential Care; Hotel/Apartment Hotel; Community Service; Offices. Medical Marijuana production allowed subject to use-specific conditions (*possible Special Permit). Currently, approximately 1,200 sf is being rented by 2 tenants for storage and generating $28,800/year. There are no leases in place. Phase II environmental reports are available. Showings require 24 hours notice. Seller will consider development partnerships and Brownfield Development Funding is available via CT DECD website. Applications close on 8/24/2024.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

7

DRIVE INS

2

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.87

LAND SF

37,897

ZONING

C1

APN/PARCEL ID

HTFD-000176-000195-000002

ASK ABOUT THIS PROPERTY

Lisa LazarusKW Legacy PartnersMore Info
860-881-8009

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Lisa LazarusKW Legacy PartnersMore Info
860-881-8009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.