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553 Gold Star Hwy
Groton, CT 06340
 Multi-Family Development · Land For Sale · 17.66 AC

Commercial Land Properties Connecticut Groton 553 Gold Star Hwy, Groton, CT 06340

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Investment Highlights

  • 270-unit ($15,000/per unit) plan, along with the 312-unit, ($13,000/per unit) plan.
  • Good title, & clean environmental to residential standards
  • All Units at Market Rate. None need to be affordable

Executive Summary

4 parcels totaling 17+ acres. 270-312 unit Multi-Family development. All Units at Market Rate. None need to be affordable. 270-unit ($15,000/per unit) plan, along with the 312-unit, ($13,000/per unit) plan. Clean environmental to residential standards

Property Facts Under Contract

Sale Type Investment Proposed Use
Multifamily
  • Apartment Units - Condo
No. Lots 1 Total Lot Size 17.66 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype Commercial
Zoning CR
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units - Condo
Total Lot Size 17.66 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning CR

1 Lot Available

Lot

Price $5,483,740 CAD Lot Size 17.66 AC
Price Per AC $310,517.58 CAD
Price $5,483,740 CAD
Price Per AC $310,517.58 CAD
Lot Size 17.66 AC

4 parcels totaling 17+ acres. 270-312 unit Multi-Family development. All Units at Market Rate. None need to be affordable. 270-unit ($15,000/per unit) plan, along with the 312-unit, ($13,000/per unit) plan. Clean environmental to residential standard

Description

4 parcels totaling 17+ acres. 312 unit Multi-Family development. . All Units at Market Rate. None need to be affordable. 270-unit ($15,000/per unit) plan, along with the 312-unit, ($13,000/per unit) plan. Clean environmental to residential standards Link to additional documents https://app.box.com/s/m6h2krfm5jlnbam10yst8e87txxd7jvo

Property Taxes

Parcel Number GROT-001699-000927-000077 Improvements Assessment $3,649 CAD
Land Assessment $637,542 CAD Total Assessment $641,191 CAD

Property Taxes

Parcel Number
GROT-001699-000927-000077
Land Assessment
$637,542 CAD
Improvements Assessment
$3,649 CAD
Total Assessment
$641,191 CAD
 

  • Listing ID: 26929980

  • Date on Market: 2022-10-25

  • Last Updated:

  • Address: 553 Gold Star Hwy, Groton, CT 06340

The New London Land Property at 553 Gold Star Hwy, Groton, CT 06340 is currently available. Contact Lyman Real Estate Brokerage & Development for more information.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

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553 Gold Star Hwy, Groton, CT for sale Building Photo- Image 5 of 6
PG 3 Site Plans

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