Available For Sale - Land

163,350 SF | Show Pricing $

LISTED BY

Paul Scalzo Sr.
Scalzo Commercial & New Development,

AVAILABILITY DETAILS

Size
163,350 SF
Price/SF
Show Pricing $
Listing ID
SA540228
Notes
Plans, Approvals, and Land for fully approved 109 units four-story residential complex on beautiful Lake Lillinonah. This project consists of 58 one-bedroom and 51 two-bedroom units, for which market rental rates of $1,850 for 2 BDRM and $1,450 for 1 BDRM have been used to develop proforma. By adding ancillary income for parking, etc., the total income is projected to be approximately $2.2 million annually. The total cost of the project including land is estimated to be in the low $20 million range. Town encourages submission of tax abatement, which can now be up to 10 years in CT.
Uses
Land

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Paul Scalzo Sr., Scalzo Commercial & New Development