Rare Opportunity to acquire and develop 17.


Property

Website:https://www.nestseekers.com/4880196
Address:
741 Echo Lake
Watertown, CT 06795
Ownership: Land
Type: Land

Financials

Price:$4,330,000
Annual Taxes:$3,165

Description

Rare Opportunity to acquire and develop 17.29 Acres of land situated at intersection of Echo Lake Road and Buckingham Street [ Rte 262] in Watertown Ct Property is situated in an R-30 Zone District augmented by application of Residential / Office Transition Overlay Zone { Section 4.4 Watertown Zoning Regulation] Overlay Zone permits Multifamily Dwellings with density not to exceed 8 units Per Acres { Sec. 4.4 D. 4 WZR] Size & Zoning: 17.29 Acres - R-30 Zone + RT Transition Zone Overlay Unit Density: 8 units Per Acre Infrastructure: Public Water - Public Sewer - High Speed Internet - Schools Site Access: Corner of Echo Lake Road & Buckingham Street [ Ct Rte 262] Market Opportunity: Limited Multifamily Development / Together with Statewide Demand Site Plan Approval for Phase I - 21 Units - Per Site Plan

Amenities

  • Elementary School - Per Board of Ed
  • High School - Watertown
  • Intermediate School - Per Board of Ed

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Robert Ghent of Ghent Realty Advisors