33
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$800,000
Est. payment /mo
4 Baths
7,500 SqFt
Coming Soon
505 Old Colchester Road Montville, CT 06382
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Key Details
Property Type Commercial
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $106
MLS Listing ID 24216976
Full Baths 2
Half Baths 2
Year Built 1963
Annual Tax Amount $7,584
Lot Size 2.560 Acres
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.
Location
State CT
County New London
Zoning R40
Interior
Heating Hot Air
Cooling Central Air
Exterior
Utilities Available Electric, Gas, Telephone
Roof Type Asphalt Shingle
Building
Lot Description Level Lot, Cleared
Sewer Septic
Water Public Water Connected
Listed by Ariel Tortora • William Raveis Real Estate
NEARBY SCHOOL & BUSINESS
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