6+/- Acres for Multi-family Development

Vacant Land for Sale
Catylist Listing ID: 30180631
Property Subtypes: Multi-Family
Gross Land Area: 5.86 Acres
Sale Price: $893,000
Unit Price: $152,389 Per Acre
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/20/2021

Overview / Comments

5.86 acres. 38 units may be developed as condominiums or rental units. Units may be customized for builder/developer. Great location near Wesleyan University and Main St. Foundation permit for first building has been issued by the City. 6 buildings allow for phasing of construction and financing. Very private site at the end of a cul-de-sac along the Coginchaug River and facing Veterans Park. Engineering and architectural design are complete. Public Water & Sewer. Zone: MX - Mixed Use.

Additional Details

Nearest MSA: Hartford-West Hartford-East Hartford
County: Middlesex
Tax ID/APN: 3593
Property Visibility: Fair
Largest Nearby Street: Route 6 Washington St.
Highway Access: Route 9
Site Description: Vacant land for multi-family development. Shovel ready
Zoning Description: MX - Mixed Use
Topography: Level
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,267 50,177 82,333
Median Age: 33.01 38.4 40.5
Households: 5,210 21,005 33,934


Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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