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273 Asylum St
Hartford, CT 06103
Office Property For Sale
INVESTMENT HIGHLIGHTS
- One of Hartford's premier redevelopment opportunities!
- Great location for multifamily development.
- Approved plans are already in place.
EXECUTIVE SUMMARY
Seize the opportunity to reimagine a former high school site into a dynamic residential community in the heart of downtown Hartford. Approved plans are already in place for a 50-unit development featuring 22 studios, 11 studio-plus layouts, and 17 one-bedrooms-perfectly aligned with the growing demand for modern urban living. Market rents are projected at $1,400+ for studios and $1,700+ for one-bedrooms, highlighting the strong income potential. A nearby parking area may also be included, adding valuable convenience for future residents. The location is unmatched-just steps from the PeoplesBank Arena, two blocks from Bushnell Park and City Place, and within walking distance to TheaterWorks, Black Eyed Sally's, Agave, Max Downtown, and more. With easy access to I-91, I-84, and Route 2, connectivity is seamless. Bring your vision and creativity to one of Hartford's premier redevelopment opportunities!
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
33,800 SF
Building Class
C
Year Built
1920
Price
$3,100,000
Price Per SF
$91.72
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
6,760 SF
Slab To Slab
10’6”
Building FAR
2.54
Lot Size
0.31 AC
Zoning
B1 - Commercial Business
Parking
27 Spaces (0.8 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Bus Line
- Restaurant
PROPERTY TAXES
| Parcel Number | HTFD-000245-000334-000062 | Improvements Assessment | $2,064,300 |
| Land Assessment | $385,700 | Total Assessment | $2,450,000 |
PROPERTY TAXES
Parcel Number
HTFD-000245-000334-000062
Land Assessment
$385,700
Improvements Assessment
$2,064,300
Total Assessment
$2,450,000
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