1200 Highland Ave
Waterbury, CT 06708
Land For Sale · 41.54 AC

Development-Ready with Multi-Use Potential With public utilities already in place—water, sewer, electricity, gas, and streets—this property is ready for development at scale. Options include: State-of-the-art apartment complexes or condominiums Senior or assisted living campuses A thoughtful single-family subdivision or planned community Excellent Connectivity Convenience is a key plus—right off Interstate 84 and Route 8, offering quick access for commuters. Nearby Metro-North service connects you to Hartford, New Haven, and even NYC. This makes the location ideal for commuters or renters drawn to easy transit access Neighborhood with Character and Growth Town Plot is loved for being family-friendly, quiet, walkable, and close to amenities. Additionally, properties nearby (like single-family homes or multi-family buildings) consistently show healthy demand and strong pricing across the Highland corridor. Strategic Opportunity for Developers or Investors At 41+ acres in a strong residential zoning district, the property is large enough to absorb substantial development yet centered in a close-knit neighborhood. Whether for profit-driven developers or community-minded planners, it's a canvas for creating long-lasting impact. Strategic Advantages Underserved demand: Waterbury has strong demand for new residential construction, especially in Town Plot where new builds are rare. Rental income hedge: Holding some multifamily boosts long-term income stream and resale flexibility. Zoning flexibility: RL zoning with potential for Residential Campus use allows phased development or PUD (Planned Unit Development) designation. Incentives: Waterbury offers tax incentives and possible state-level grants for workforce or senior housing developments.