Price Reduced 5.99%

$299,900

Est. Mortgage $1,595/mo *

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Price History

$319,000
10/17/2024

$299,900
11/24/2024

636 Route 163 Route, Montville, CT, 06370

636 Route 163 Route, Montville, CT, 06370
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2024

99,999,999 sqft

Big price reduction makes this a steal for the price per unit!Affordable Housing? 55 and over condos? Huge apartment complex? Take your pick!A lack of rental properties in Montville and our area makes this a golden opportunity for a developer with vision. This property is in a rare r20m zone which allows up to 18 units per acre!. As a bonus there is already a 30x42 foundation that was to be a townhouse style duplex to get you started! The site is serviced by city sewer which is on the property. With this price and the density allowances your cost per unit can be minimized. You are encourage to do due diligence as I know you would to investigate the amount of uses as well as the amount of units allowed in this zone. Zoning info and maps are in the attachments. This can be the apartment complex that will pay dividends for years' to come.

Status:

Active

Type:

Commercial

Zoning:

R20

Frontage:

Municipal Street,Paved Road

Heating:

No Heat

Cooling:

None

Acreage:

8

Est. Taxes:

$1,234

Assessment

$44,450

Utilities

Electric Available,Cable Available

Lot Description:

Some Wetlands,Treed,Dry,Sloping Lot

Days on Market:

65

MLS #:

24054011

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Leo Chomen, Signature Properties of NewEng Email: leochomen@gmail.com