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100 Cherry st - 100 S Cherry Street Lot • Terrain commercial • 1,18 Acres • 3 926 531 $ CAD • Wallingford, CT 06492
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Great Location
- Ample Parking
- Tons of Space
RÉSUMÉ DE L'ANNONCE
Approved Development
• 66 total units:
• (33) 1BR / 1BA
• (33) 2BR / 1.5BA townhomes
• 20 affordable units included (10 of each unit type)
• Designed for modular construction with Signature Building Systems, reducing build time and cost
Site & Utilities
• City water and sewer on site
• Wallingford Electric (municipal power; among the lowest costs in CT)
• All-sand soil conditions, ideal for development
• On-site materials included, valued at $150K–$200K
Financial Overview
• Estimated stabilized value: ~$19M
• Construction budget and stabilized pro forma available upon request
Expansion Potential
Adjacent parcels available separately allow expansion to 120+ total units, including:
• 110 S Cherry Street (~30 units)
• Rear parcel (10–12 units)
• 194 Ward Street (~16 units)
• Adjacent garage parcel (24–28 units)
Due Diligence Available
• Approval letter
• Site plans
• Phase I & II environmental
• Architectural plans
• Construction budget
• Signature Building Systems agreement
• Stabilized pro forma
FAITS SUR LA PROPRIÉTÉ
1 LOT DISPONIBLE
Lot
| Prix | 3 926 531 $ CAD | Taille du lot | 1,18 AC |
| Prix par AC | 3 327 554,15 $ CAD |
| Prix | 3 926 531 $ CAD |
| Prix par AC | 3 327 554,15 $ CAD |
| Taille du lot | 1,18 AC |
A fully approved + fully permitted 66-unit multifamily development located at 100 S Cherry Street, Wallingford, CT. This project is 100% shovel-ready, with architectural plans, site work, engineering, and environmental reports complete.
DESCRIPTION
100 S Cherry Street is a fully approved 66-unit multifamily development site in Wallingford, CT. The approved plans consist of a mixed product layout of condominiums and townhome-style units, including 10 condominium units and 10 townhouses designated as affordable housing. The balance of the project is market-rate housing, creating a well-diversified residential community. The site is fully entitled and designed for efficient construction, offering a turnkey opportunity for immediate development. This includes 82 Parking Spaces.
Présenté par
100 Cherry st - 100 S Cherry Street
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