9+ Acres of Multi Family land

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30179660
Property Subtypes: Multi-Family
Status: Pending
Gross Land Area: 9.16 Acres
Sale Price: $400,000
Unit Price: $43,668 Per Acre
In Opportunity Zone? Yes
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/23/2021

Overview / Comments

9.16 Acres to be developed for Multi-family units. Plus a 0.16 acre lot on West St. Up to 79 units allowed. Public Water & Sewer. Zone: MF - Multi-family. Taxes: $6,356. Existing 1,228 SF house.

I-395, exit 11. East on Route 82. Right onto Mechanic St. Right onto Spring St. to Avery St Ext. Find Lyman Sign on left. To see where property ends, go left onto Woodside Ave, left onto West St. Other sign on left.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 79 1 1
Property Visibility: Fair
Site Description: Vacant land
Area Description: Rural

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,228 37,089 62,613
Median Age: 34.52 38.33 39.62
Households: 4,216 14,977 24,644


Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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