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100 Cherry st - 100 S Cherry Street 1.18 Acres of Commercial Land Offered at $2,850,000 in Wallingford, CT 06492
INVESTMENT HIGHLIGHTS
- Great Location
- Ample Parking
- Tons of Space
EXECUTIVE SUMMARY
Approved Development
• 66 total units:
• (33) 1BR / 1BA
• (33) 2BR / 1.5BA townhomes
• 20 affordable units included (10 of each unit type)
• Designed for modular construction with Signature Building Systems, reducing build time and cost
Site & Utilities
• City water and sewer on site
• Wallingford Electric (municipal power; among the lowest costs in CT)
• All-sand soil conditions, ideal for development
• On-site materials included, valued at $150K–$200K
Financial Overview
• Estimated stabilized value: ~$19M
• Construction budget and stabilized pro forma available upon request
Expansion Potential
Adjacent parcels available separately allow expansion to 120+ total units, including:
• 110 S Cherry Street (~30 units)
• Rear parcel (10–12 units)
• 194 Ward Street (~16 units)
• Adjacent garage parcel (24–28 units)
Due Diligence Available
• Approval letter
• Site plans
• Phase I & II environmental
• Architectural plans
• Construction budget
• Signature Building Systems agreement
• Stabilized pro forma
PROPERTY FACTS
| Price | $2,850,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.18 AC |
| Price | $2,850,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.18 AC |
1 LOT AVAILABLE
Lot
| Price | $2,850,000 | Lot Size | 1.18 AC |
| Price Per AC | $2,415,244.00 |
| Price | $2,850,000 |
| Price Per AC | $2,415,244.00 |
| Lot Size | 1.18 AC |
A fully approved + fully permitted 66-unit multifamily development located at 100 S Cherry Street, Wallingford, CT. This project is 100% shovel-ready, with architectural plans, site work, engineering, and environmental reports complete.
DESCRIPTION
100 S Cherry Street is a fully approved 66-unit multifamily development site in Wallingford, CT. The approved plans consist of a mixed product layout of condominiums and townhome-style units, including 10 condominium units and 10 townhouses designated as affordable housing. The balance of the project is market-rate housing, creating a well-diversified residential community. The site is fully entitled and designed for efficient construction, offering a turnkey opportunity for immediate development. This includes 82 Parking Spaces.
Presented by
100 Cherry st - 100 S Cherry Street
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