Proposed Multi-Family Development - 18,000+ New Hires in Area

Vacant Land for Sale
Sale Pending
Proposed Multi-Family Development - 18,000+ New Hires in Area
Catylist Listing ID: 30576158
Property Subtypes: Multi-Family
Status: Pending
Gross Land Area: 17.75 Acres
Sale Price: $1 PSF
Total Price: $773,190
In Opportunity Zone? Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/12/2021

Overview / Comments

Proposed Multi-Family Development in opportunity zone. 17.75 acres and room for +/- 375 units. Concept plans available. Call for pricing and further information.

Navy awarded a $10.3 billion contract to Electric Boat for the development of Columbia subs. The contract was originally awarded for $5.1 billion in 2017 but has increased since then as of 2020. Electric Boat currently has more than 16,000 workers and are hiring 18,000 more over the next 10 years.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 169909270077
Zoning: CB-15
Feet of Frontage: 590
Available Utilities: Water, Gas, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,236 47,603 94,127
Median Age: 28.56 33.65 37.69
Households: 1,527 17,828 36,741


Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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