169 Bartholomew Ave - Industrial Building

169 Bartholomew St Hartford, CT 06106

169 Bartholomew St, Hartford, CT, 06106
169 Bartholomew St, Hartford, CT, 06106
FOR SALE
Property Type:
Factory
Amount:
Please Call Broker for Price

Last Verified:
Nov 27, 2018

Highlights

  • Building May Qualify for Federal, State or City Low-Income Housing Tax Credit & Financing Programs
  • Industrial Building Located on 2.97 Acres
  • Great New Development Project
  • Possible Industrial , Multifamily or Warehouse
  • Zoning Permits Multifamily Development
  • Property Currently has Month to Month Tenants and NOI is $16,800
  • Close to I-84
  • Possible Highway Project Area
  • Easy Access to Shopping, Hospitals and Transportation
  • Building Current has 46K in Income & NOI is $17K

Description

71,445 Sq Ft Class C Industrial Warehouse Building with additional use potential

Hartford is the capital city of Connecticut, and with approximately 125,000 residents is the fourth largest city in the state. Known to many as the “Insurance Capital of the World”, Hartford has companies such as Aetna, UnitedHealthcare, and The Hartford based in the city while United Technologies claims Hartford as the corporate headquarters. Other major corporations like Travelers and Lincoln Financial Group have large operations in the city of Hartford. Located between New York City and Boston, Hartford is easily accessible with two major highways, Interstate-91 and Interstate-84 running right through the city. Union Station in Hartford serves as a station for the Amtrak railway. Hartford is also home to multiple colleges such as the University of Hartford, University of Saint Joseph, University of Connecticut School of Business and School of Law, and the world-class institution of Trinity College. Hartford is an 18-square-mile city, home to 125,000 residents, world class dining, international cultural attractions, award winning entertainment venues and some of the largest corporations in the nation.


Year Built: 1935
Building Size: 71445.0sq ft
Building Class: C
Lot Size: 2.97 acres

Map of 169 Bartholomew St, Hartford, CT, 06106

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.