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600 Silver Ln

2 Acres of Commercial Land Offered at $1,490,000 in Stratford, CT 06614

Investment Highlights

  • safe investment
  • easy site to develop
  • good return

Executive Summary

Calling all developers and investors, if you're looking for a nice safe investment in a mid-size project this is it! Previously marketed with just the 9 condos lots, seller is now willing to take offers on the entire development. The one existing finished house is not available. What you get are the rights to construct 9 brand new detached single-family condominiums. Each unit is 3 bedrooms, 2.5 baths and features vaulted ceilings, attached two car garage and a full basement. In addition, the 6-unit apartment building is now for sale as well. This building was the original church on the property. The building needs to be remodeled on the interior and some additional work to the exterior, but the bones are very solid, and conversion will be a very quick process compared to a new build. You can build and sell the condominiums, re-coup your capital and keep the 6-unit apartment building or build and keep the whole 15-unit project with great monthly cash flow. Come take advantage of this rare investment opportunity today.

Property Facts

Price $1,490,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units - Condo
Total Lot Size 2.00 AC

1 Lot Available

Lot

Price $1,490,000
Price Per AC $745,000
Lot Size 2.00 AC

2 acre lot with all public utilities.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1580000
Land Assessment
$512,400
Improvements Assessment
$197,540
Total Assessment
$709,940
  • Listing ID: 32617850

  • Date on Market: 7/29/2024

  • Last Updated:

  • Address: 600 Silver Ln, Stratford, CT 06614

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