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14 Hyde Avenue - Fully Approved 174 Unit Multifamily Dev. 24.5 Acres of Residential Land in Vernon, CT 06066

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INVESTMENT HIGHLIGHTS

  • 174 Unit Multifamily Development - Fully Approved
  • Vernon/Rockville CT, on the border of Tolland CT.
  • 100% Market Rate Units

EXECUTIVE SUMMARY

Prime Development Opportunity – Fully Approved 24.5-Acre Lot for 174 Market-Rate Apartments
This exceptional 24.5-acre parcel straddling the border of Vernon and Tolland, CT, is fully approved and entitled for a thoughtfully designed garden-style apartment community. With a total of 174 market-rate units, this project offers a seamless blend of 1-bedroom and 2-bedroom configurations, perfect for meeting the demand for modern, high-quality rental housing.
Approved Unit Breakdown:
1-Bedroom Apartments:
48 units on the 1st and 2nd floors
36 units on the 3rd floor
Total: 84 units
2-Bedroom Apartments:
54 units on the 1st floor
36 units on the 3rd floor
Total: 90 units
Total Units: 174
Location Highlights:
18 minutes to UConn
19 minutes to Hartford, CT
1 hour 20 minutes to Boston, MA
See OM for demographic and traffic details
Situated with easy access to major highways, employment centers, and renowned educational institutions, this site is ideal for renters seeking convenience and quality living.
Investment Highlights
Key Features:
Fully approved development site – ready to build!
Detailed site plan and approval documents available for review with signed NDA.
Strategic location to meet high rental demand in the area.
This is a rare opportunity to bring a pre-approved project to life in a sought-after location.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 24.50 AC
Zoning COMMER - 14 Hyde Avenue in Vernon, CT is zoned for residential use.

1 LOT AVAILABLE

Lot

Lot Size 24.50 AC

fully approved

DESCRIPTION

Great location just off I-84 ramp. Located at the border of Vernon/Rockville and Tolland CT.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
VERN-000046-000071-000019
Land Assessment
$72,820
Improvements Assessment
$0
Total Assessment
$72,820
  • Listing ID: 33923562

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 14 Hyde Avenue, Vernon, CT 06066

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