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Properties For Sale

for-sale

In order to reduce costs of caring for city-owned properties, the City has created an initiative to sell them.

The initiative is on properties that have been vacant and unused for an extended period of time.

“It costs the City money to take care of these properties. The right buyer can do more with the property and has an opportunity to increase the overall value of the properties surrounding it,” said Mayor Erin Stewart. “At least a dozen times a month we are receiving requests from people who are interested in purchasing City properties. Often times people are looking for houses and things of that nature. There are some vacant parcels that we own.”

Towards the end of 2017, questions were raised about blighted city properties that were either owned by the City or were not maintained by tenants and landlords. While Stewart said, the City wants to hold landlords and tenants responsible for the upkeep of their property, the City is also taking action on its own properties.

There were more than 60 City properties that were evaluated and assessed based on location, condition, and potential development. The economic development department has narrowed down a list of properties that are fit for development upon sale and are in areas poised for redevelopment.

The City had not done an audit of City-owned property for many years.

“We only have five maintainers to mow the lawn and tale care of these City properties,” said Stewart. “It was a good idea to look at the 60 properties. We narrowed it down to about a dozen properties that are small lots or easements.”

Prices will range from $800 for a small lot to $44,000 for a larger lot such as a half and acre on East St. Prices are negotiable.

“The parcels of land can be used for anything from residential housing development, apartment housing development, or small business development,” added Bill Carroll, Director of Economic Development. “The City will release the list of “developable properties” under the Economic Development tab on the City website.”

Properties include 574 Arch St., 45 Chapman St., 25 Fairview St., 481 East St., 8 Gilbert St., 12 Gilbert St., 115 Orange St., 123 Orange St., 124 Rockwell St., 132 Rockwell St., 312 South Main St. and 92 Tremont St.

“A lot of these lots are adjacent to other properties so we are hoping some of the neighbors may want to buy these properties to extend their side yard,” said Mayor Stewart. “Some can be for development.”

East St. has a double lot and there can be two single or two-family properties. Chapman St. can be a single family house. On Orange St., a single or two-family house can be built.

“There is a lot of potential for those that are interested. We are encouraging anyone who may be interested in those lots to reach out to us,” said Mayor Stewart. “There are for sale signs and we have had a handful of phone calls already.”

All properties are being sold in AS-IS condition.

Those interested in speaking with a city representative should call 860-826-3303 or 860-826-3433 and ask to speak with Director of Economic Development Bill Carroll to further discuss interest in the property. A more detailed list of available properties can be viewed online under the “Economic Development” tab on the City of New Britain website, or can be picked up in the Economic Development office on the second floor of City Hall.

In order to qualify for purchasing a city-owned property, interested parties must complete the form located on www.newbritainct.gov website, or get one from the Economic Development office on the second floor of City Hall.