Active

273 Asylum Street

Hartford CT, 06103

$3,550,000


$100.63 per sqft

Active

35,277 sqft

Commercial

Built in 1920

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.

24006565

MLS ID

March 29, 2024

Listed

December 18, 2024

Updated

Map

273 Asylum Street
Hartford CT, 06103

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.3 Acres


Lot Features

Corner Lot, Level


Roof

Tar/Gravel


Sewer

Public Sewer

Other Property Details

Area Name

N/A


Taxes

$197,540


Tax Frequency

Annually


Days on Market

265


Garage

No


View

No


County

Hartford


Water Source

Public


Pool

No


Zoning

DT-3

Listing History

Date

Event

Price

11/4/2024

Price change

$3,550,000

-2%

9/30/2024

Price change

$3,600,000

-4%

8/8/2024

Price change

$3,750,000

-19%

8/7/2024

Price change

$4,600,000

-3%

6/17/2024

Price change

$4,700,000

-4%

Listed by Lisa Cozzi with Berkshire Hathaway NE Prop.

Listing Contact:  

The IDX display contains information sourced from the  Smart MLS, Inc as of 12/18/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/18/2024 at 5:39 PM UTC

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