DEVELOPMENT OPPORTUNITY "CITY PLACE": build a trophy asset in the revitalized downtown section of Bristol, CT. The sale includes a parcel of land ready for development and the city approved plans for a mixed use building consisting of 12 luxury market rate apartments, 1 retail space and 1 restaurant space. On the main level are the retail and restaurant units totaling about 4,482 square feet. Outside of the restaurant is an outside dining area/patio. The apartments are located on the 2nd, 3rd, and 4th floors of the building. The apartments will all be 2 bedroom 1 bathroom units totaling about 1,060 square ft each. Each unit will have central AC, separated utilities, and laundry hookups. 36+ off street parking spaces will be located behind the structure. Available public utilities include gas, electricity, public water and sewer. The town has provided a seven year tax discount which will add to the developer's ROI.
|
DAYS ON MARKET
|
136
|
LAST UPDATED
|
6/26/2023
|
|
YEAR BUILT
|
2022
|
COUNTY
|
Hartford
|
|
STATUS
|
Sold
|
PROPERTY TYPE(S)
|
Commercial
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| AREA |
N/A |
| GARAGE |
Off Street Parking |
| HEAT |
Hot Air |
| INTERIOR |
Elevator |
| LOT |
0.5100 acre(s) |
| LOT DESCRIPTION |
Level Lot |
| PARKING |
0 |
| SEWER |
Public Sewer In Street |
| STORIES |
4 |
| TAXES |
3254 |
| WATER |
Public Water In Street |
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Listing courtesy of Tier 1 Real Estate
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