161-179 Buckingham St
Hartford, CT 06106
Buckingham Place-161-179 Buckingham-SODO · Multifamily Property For Sale · 11 Units

Package-Business Opportunity Zone & 1927 potentially historic 12-units with 5 STRentals across from 1000 new units in process of Development known as SODO-South Downtown or Bushnell South. Seeking a reputable builder for around 40 new 1 BR apartment units that was projetced a 5-story apt bldg with minimal rear parking with an entrance from 102-104 Wadsworth Street. The CT Redevelopment Authority put up a $16M parking garage which can handle some 700 cars+ for future inhabitants and the state bonding commission spent some $205M to erect a 13-story parking garage on Buckinghham opposite their renovation/modernization of the 1931 state office building which serves numerous state agencies. Three substantial developers are in process now with Spinnaker RE Partners renovating 166 units 1 block north; PennRose rehabbing historically 104 units opposite the state capitol; and The Michaels Organization planning to build some 248 new units diagonally across the street. And directly across from Buckingham Place the Spinnaker group just paid $3.25M for 2.245Acres for the last phase a 7-story 370-410 unit complex is planned when decades ago New York Mutual Life had planned to build a 100K office tower. The existing 12 units have 5 totally furnished short term rentals- STRs- as short as 2 nights up to 6 months with over 450 guest bookings in the last few years with a track record with the major websites- Airbnb,VRBO, and Booking as well as online and repeat guests at www.TheBuckinghamApartments.com
The south side of Buckingham Street -the odd numbers- are all in a Business Opportunity Zone - Biz OPP -and the 1927-1928 George Zunner apartment building is most likely historical (other Zunner buildings already so designated in Hartford). Many possibilities with this NRZ-neighborhood revitatilization zone .
SODO or Bushnell South through the quasi-state agency CRDA recently built a 5-story new hardly occupied garage across the street built to accommodate future parking for all these units and another level can be added like a Lego system. Thus, the owner is not a builder and what is needed is a qualified reputable builder to put their $ in to be ahead of the curve with a strong need for market rate & affordable housing in Hartford's most up and coming in the path of progress neighborhood. SODO-Bushnell South is the esential "Path of Progeress" destination in all of greater Hartford . Is it your time to get in on the ground floor after many decades of planning a rebirth of our unique neighborhood and area in sync with these 3 substantial national developers? Next door a dilapatated old gas staion was cleaned up and a $4M new mixed -use adjacent 3-story Dunkin/ convenience store/ Noble gas station and 8 luxury apartments above the retail 1st floor was erected recently at 131-149 Buckingham Street.
This project could easily be bigger and more productive -just ask.
Great short term rental histories -w/ 1099s received- for these furnished units. Owner/Broker/Appraiser is not a builder and after 36+ and 44+ years respectively the time is now to develop. With all the recent large development going forward directly across the street a smaller such development will easily meet demands as Downtown is too crowded, busy, noisy, congested and SODO has it charm of a blend of historical and modern upgraded properties as the number of parking lots get developed. Our community has so much more to offer as Hartford's uniquely South Downtown neighborhood. Many Possibilities -Joint venture, financing, exchange your property, have a start of cash flow with the existing 12 units- just ask. Creativity is welcomed -Serious inquiries -please -Owner has been involved in the NRZ, on the Board of Directors, appraised hundreds & owned scores of Hartford units, and has been involved for decades. Appreciated