$2,499,000

Est. Mortgage $12,636/mo *

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719 Cedar Street, Newington, CT, 06111

719 Cedar Street, Newington, CT, 06111
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1940

0 sqft

Opportunity of a Lifetime: Prime T.O.D. Zone Awaits Savvy Developer An extraordinary prospect awaits developers seeking a golden opportunity in the bustling area. Located just across the street from an approved new hotel and adjacent to an upcoming 200-unit apartment complex, this land offers immense potential. Positioned alongside the Ct Fasttrak BUSWAY and CT Fasttrak MultiUse trail conveniently situated between two bus stops, this site presents an unparalleled advantage. Moreover, its natural suitability for use by Central CT State University (CCSU), which has recently expanded its campus, adds to its appeal. Additionally, it may play a crucial role in facilitating access to the state-owned 100-acre site just east of the busway. Exciting prospects are also on the horizon, with plans for a new railway station half a mile east on Cedar St. in the works. Envisioned as a mixed-use development featuring shopping, restaurants, and condos, this upcoming station further enhances the possibilities. Moreover, the property enjoys excellent connectivity, as it is located adjacent to the Newington Exit of Northbound Route 9, with both I-84 and I-91 just minutes away by car. Don't miss the chance to explore this remarkable parcel; walk its grounds and begin envisioning your plans. After years of being held by its family owners, this highly sought-after land is finally available for acquisition.

Status:

Active

Type:

Commercial

Zoning:

TOD, I

Frontage:

State Road

Heating:

No Heat

Cooling:

None

Acreage:

8.04

Est. Taxes:

$21,826

Assessment

$550,200

Utilities

Electric Available,Cable Available

Lot Description:

Dry,Level Lot

Days on Market:

512

MLS #:

170581565

Buyer Broker Compensation:

2.0%

Buyer Broker Compensation is for display purposes only and must be confirmed in writing directly from Listing Broker

Community Info

School Info

Walk Score

Mass Transit

Yelp

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