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Investment Highlights

  • Ready to build 30 unit apartment development.
  • Attractive Townhouse and Ranch Style Design.
  • Full Subdivision Plan and Architectural Design Plans available on request.
  • Great in-town location in vibrant Colchester CT, minutes to shopping, conveniences and major highways.
  • Public Water & Public Sewer

Executive Summary

Rarely available, 30 unit fully approved multi-family apartment site served by public water & public sewer. In-town location, just minutes to vibrant Colchester Business Center & CT Route 2. The engineering & architectural design includes five (5) buildings of six units, each with a private front and rear entrance. Four (4) of the buildings will each contain six (6) - two bedroom townhouse style units plus den, 1.5 baths, and full private basements. Each townhouse unit is designed to include +/- 1100 sq. ft. of living area on the first and second floors plus a full basement with washer/dryer hookups, and an area designed for a potential +/- 300 sq. ft. recreation or hobby room. The sixth building is designed for six (6) single level ranch style units on a poured concrete slab that each contains a great room, two bedrooms, two full baths and fully applicated kitchen with washer/dryer hookups and a total living area of +/- 900 sq. ft. Three (3) units in the development, representing 10% of the total number of units, are designated affordable rentals. The site is designed with 60 exterior parking spaces or 2 per approved unit.

Property Facts

Price $1,158,499 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 5.14 AC
Zoning SU - Suburban District

1 Lot Available

Lot

Price $1,158,499 CAD
Price Per AC $225,388.90 CAD
Lot Size 5.14 AC

Level, lightly wooded parcel of land, rectangular with flag at rear. 178.97' frontage on Halls Hill Road, Lot served by public water & public sewer. Minutes to Vibrant Colchester CT Commercial District and CT Route 2.

Description

Shovel Ready 30 unit apartment development on level-lightly wooded lot served by public water & public sewer. Attractive design includes 24 two bedroom plus den townhouse style units with 1.5 baths and full basement and 6 two bedroom ranch style units with 2 full baths on slab. Townhouses units are approximately 1,110 sq. ft. with potential for a basement recreation or hobby room of +/- 300 sq. ft. Ranch units are +/- 900 sq. ft. All units have a private front and rear entrance.

Property Taxes

Property Taxes

Parcel Number
COLC-000018-000000-000055
Land Assessment
$58,879 CAD
Improvements Assessment
$0 CAD
Total Assessment
$58,879 CAD
  • Listing ID: 39748877

  • Date on Market: 2026-03-12

  • Last Updated:

  • Address: 124 Halls Hill Rd, Colchester, CT 06415

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