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30 Dorset Xing - Dorset Crossing Land

4.5 Acres of Commercial Land Offered at $2,500,000 in Simsbury, CT 06070

Investment Highlights

  • 27,000 daily traffic count
  • All utilities
  • 50,000+ square feet master planned

Executive Summary

Daily traffic count is about 12,000, and all utilities are available. The site is just 15 minutes from Bradley International Airport, and 25 minutes from downtown Hartford.

Property Facts

Price $2,500,000
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Healthcare
Total Lot Size 4.50 AC

1 Lot Available

Lot

Price $2,500,000
Price Per AC $555,556
Lot Size 4.50 AC

4.5 acres of the Dorset Crossing master planned complex is available and approved for 72 multi-family units, including 64 market rate units and 8 affordable units based on area median income.

Description

The Pointe at Dorset Crossing with 168 units is a successful existing apartment complex with low vacancy rates, and has been sold twice since 2017. An additional 72 units to the rear of The Pointe are also recently approved under separate ownership. An existing medical office / retail building of about 15,000 square feet is adjacent to the site and also available for sale or lease, and another available one-acre lot to the southeast would be ideal for a bank, restaurant, or other commercial enterprise. The site has great visibility from Route 202, where there is a signalized entrance into the complex. The land is level with very well drained soils.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
SIMS-000044I-003013-A000000
Land Assessment
$213,640
Improvements Assessment
$1,156,190
Total Assessment
$1,369,830

zoning

Zoning Code Master Plan Development
Master Plan Development
  • Listing ID: 15683508

  • Date on Market: 4/9/2019

  • Last Updated:

  • Address: 30 Dorset Xing, Simsbury, CT 06070

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