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Realty ONE Group Connect
505 Old Colchester Rd, Montville, CT 06382
- $800,000
- 7,500
- SqFt
- List Price
- $800,000
- Status
- COMING SOON
- MLS#
- 24216965
- Year Built
- 1963
- Style
- Ranch
- Acres
- 2.56
- Living Area
- 7,500
- Neighborhood
- N/A
Property Description
Exciting Development Opportunity - 505 Old Colchester Road, Montville, CT! With a growing need for affordable housing in Montville, this property presents an exciting opportunity for investors, builders, and developers! Potential possibilities include multiple residential units, or continued use as a church. Additional development opportunities may exist utilizing the driveway and expansive parking area, which offers over 90 parking spaces. There may also be an opportunity to utilize town water while retaining the existing septic system. Whether you're looking to develop affordable housing, create a multifamily investment, or establish a place of worship, this unique property offers tremendous potential! All proposed uses and development possibilities are subject to zoning, feasibility, and necessary approvals. Buyer to perform their own due diligence regarding permitted uses, unit count, utilities, and development potential. Engineer needed to access the amount of units that are possible.
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Additional Information
- Taxes
- $7,584
- Lot Size
- 111,513
- Heating
- Hot Air
- Cooling System Type
- Central Air
- Sewer
- Septic Tank
- Water Source
- Public
- Appliances
- None
- Basement
- None
- Parking Spaces
- 90
- Elementary School
- Per Board of Ed
- High School
- Per Board of Ed
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Listing courtesy of Ariel Tortora from William Raveis Real Estate. (203) 500-3243 (203) 453-0391
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