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431 Chestnut Hill Ave

10.9 Acres of Residential Land Offered at $425,000 in Waterbury, CT 06704

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Investment Highlights

The property is well situated nearby a variety of community amenities.

The lot is well kept and can be utilized to build multiple single family homes.

Executive Summary

The 10.9 acre parcel is zoned "RS" and does allow "Residential Campus Developments" by Special Exception from the City Plan Commission. This concept is similar to a cluster development as it allows reduced setback and private roads while oftentimes maintaining the underlying density allowances. The benefit is that is allows a developer to work with the land, thereby avoiding or minimizing disturbance to such features as wetlands or topographically challenged sections of the property. Have a discussion with your design engineer for all possibilities. 10.9 acres on the Wolcott line in Waterbury that was farm land and is available for cluster development when buyer secures approval from the city. Has water and sewer in the street. Includes a three bedroom home. 500+ ft road frontage.

Property Facts Under Contract

Price	$425,000	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
No. Lots	1	Total Lot Size	10.90 AC

Price	$425,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	10.90 AC

1 Lot Available

Lot

Price	$425,000	Lot Size	10.90 AC
Price Per AC	$38,991

Price	$425,000
Price Per AC	$38,991
Lot Size	10.90 AC

10.9 acres on the Wolcott line in Waterbury that was farm land and is available for cluster development when buyer secures approval from the city. Has water and sewer in the street. Includes a three bedroom home. 500+ ft road frontage.