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$ 299,900
Est. payment | /mo
8 Acres Lot
$ 299,900
Est. payment | /mo
8 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24054008
Annual Tax Amount $1,234
Lot Size 8.000 Acres
Property Description
Big price reduction makes this a steal considering price per unit!A lack of rental properties in Montville and our area makes this a golden opportunity for a developer with vision. This property is in a rare r20m zone which allows up to 18 units per acre! As a bonus there is already a 30x42 foundation that was to be a townhouse style duplex to get you started! The site is serviced by city sewer and a natural gas stub which is on the property. With this price and the density allowances your cost per unit can be minimized. You are encourage to do due diligence as I know you would to investigate the amount of uses as well as the amount of units allowed in this zone. Zoning info and maps are in the attachments. This can be the apartment complex that will pay dividends for years' to come.
Location
State CT
County New London
Zoning R20
Exterior
Utilities Available Cable Available, Electric Available, Gas
Waterfront Description Not Applicable
Building
Lot Description Some Wetlands, Treed, Dry, Sloping Lot, Cleared
Sewer Public Sewer In Street, Septic
Water Well Required
Schools
Elementary Schools Per Board Of Ed
High Schools Montville
Listed by Leo Chomen • Signature Properties of NewEng
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Joe And Jocelyn Maggi
REALTOR® | Lic# 9088667 | 9555634