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553 Gold Star Hwy
Groton, CT 06340

Multi-Family Development · Land For Sale · 17.66 AC

Commercial Land Connecticut Groton 553 Gold Star Hwy, Groton, CT 06340

Investment Highlights

  • 270-unit ($15,000/per unit) plan, along with the 312-unit, ($13,000/per unit) plan.
  • Good title, & clean environmental to residential standards
  • All Units at Market Rate. None need to be affordable

Executive Summary

4 parcels totaling 17+ acres. 270-312 unit Multi-Family development. All Units at Market Rate. None need to be affordable. 270-unit ($15,000/per unit) plan, along with the 312-unit, ($13,000/per unit) plan. Clean environmental to residential standards

PROPERTY FACTS Under Contract

Sale Type Investment Proposed Use
Multifamily
  • Apartment Units - Condo
No. Lots 1 Total Lot Size 17.66 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype Commercial
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units - Condo
Total Lot Size 17.66 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price $4,050,000 Lot Size 17.66 AC
Price Per AC $229,332
Price $4,050,000
Price Per AC $229,332
Lot Size 17.66 AC

4 parcels totaling 17+ acres. 270-312 unit Multi-Family development. All Units at Market Rate. None need to be affordable. 270-unit ($15,000/per unit) plan, along with the 312-unit, ($13,000/per unit) plan. Clean environmental to residential standard

Description

4 parcels totaling 17+ acres. 312 unit Multi-Family development. . All Units at Market Rate. None need to be affordable. 270-unit ($15,000/per unit) plan, along with the 312-unit, ($13,000/per unit) plan. Clean environmental to residential standards Link to additional documents https://app.box.com/s/m6h2krfm5jlnbam10yst8e87txxd7jvo

PROPERTY TAXES

Parcel Number GROT-001699-000927-000077 Improvements Assessment $2,695
Land Assessment $470,855 Total Assessment $473,550

PROPERTY TAXES

Parcel Number
GROT-001699-000927-000077
Land Assessment
$470,855
Improvements Assessment
$2,695
Total Assessment
$473,550

zoning

Zoning Code CR
CR
 

  • Listing ID: 26929980

  • Date on Market: 10/25/2022

  • Last Updated:

  • Address: 553 Gold Star Hwy, Groton, CT 06340

More public record information on 553 Gold Star Hwy, Groton, CT 06340

The Land Property at 553 Gold Star Hwy, Groton, CT 06340 is currently available for sale. Contact Lyman Real Estate Brokerage & Development for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

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