31 Parum Rd, Colchester, CT

Name: 31 Parum Rd, For Sale in Colchester - Zoocasa
Brand: Salzillo Realty Company
SKU: 24205864
Price: 750000 USD

House

For Sale

Listed price in listed location currency (USD).

$750,000

000

MLS® 24205864

Overview

Key Facts

Type Residential Land

Levels Land

Size -

Garage

Taxes $3,201

Days Active 11

Lot Size 2.56 Acres

Approx. Age

MLS® Number 24205864

Property Address: 31 Parum Rd, Colchester, CT, 06415-1924

Average square foot calculated using Size range provided by listing agent.

Description

Rare fully entitled, shovel-ready development opportunity in Colchester, CT. 31 Parum Road is a 2.56-acre site (111, 439 SF) with Planning & Zoning approval for a 30-unit multifamily building under C.G.S. 8-30g. Base suburban zoning permits only 10 units - the approved affordable housing set-aside is what unlocks the additional 20 units, creating significant embedded value. Approvals, architecture, civil, MEP, survey, and geotech all convey with the sale. Public water and sewer are already in the road. 444.7 ft of frontage on Route 354. Unit mix of 18 one-bedroom and 12 two-bedroom units across a 3-story building with walk-out lower level, 25, 202 SF net rentable. Site sits near the Route 2/Route 11 interchange, minutes to shopping and under 30 minutes to Hartford. Offered at $750, 000 ($25, 000 per approved unit) - priced below comparable approved sites in the region. Full Offering Memorandum available upon request., The complete document package - approvals and notice of decision, the 88-sheet architectural set, civil engineering and site plans, MEP drawings, survey, geotechnical report, wetlands delineation, Affordability Plan, and the full financial model - is available upon execution of a confidentiality agreement.

MLS® Number24205864

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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