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: |
9/26/2020 |
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 |
| 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 |
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 |
|
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