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Executive Summary

Development Opportunity! Fully approved condominium project on a private lot with views, offering a turnkey development package including land, two existing townhouses with garages, and approvals for eight additional units to be built, with fully engineered plans available by request. Town approvals are in place, underground utilities are on site, and initial infrastructure has been completed. Public water and sewer available, condominium documents recorded, and unit building plans are available. Existing units provide immediate value while allowing future expansion of the remaining approved units - ideal for developers seeking income with significant upside. This is an opportunity to own or develop a planned community in the northeast corner of Connecticut, with convenient proximity to both Rhode Island and Massachusetts.

Property Facts

Price $994,946 CAD
Price Per Unit $497,473 CAD
Sale Type Investment
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.35 AC
Building Size 2,464 SF
No. Stories 2
Year Built 2006
Opportunity Zone Yes
Zoning R-10 - Residential

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 2 - -

Property Taxes

Property Taxes

Parcel Number
PUTN-000008-000000-000018-000008
Land Assessment
$0 CAD
Improvements Assessment
$168,868 CAD
Total Assessment
$168,868 CAD
  • Listing ID: 39747630

  • Date on Market: 2026-03-12

  • Last Updated:

  • Address: 115 Groveland Ave, Putnam, CT 06260

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