31 Sperry Ln
East Haven, CT 06512
Land For Sale · 50.10 AC

Shovel-Ready 51-Acre Development Opportunity in East Haven, CT – Fully approved for 378 units, this versatile project allows for either a 55+ rental community or an assisted living/memory care facility, offering multiple investment strategies. With high occupancy rates (85–90%) in the area and strong demand for senior housing, this site is shovel-ready for immediate development. The plans include 258 independent living apartments and 120 assisted living/memory care units, along with a 3,660 SF clubhouse, a 48x20 pool, on-site parking, and garages. Nearby comparable properties command rents of $4,800+ for independent living and $7,800+ for assisted living, ensuring strong lease-up potential. With Connecticut’s 65+ population rapidly growing and limited senior housing supply, this high-demand, high-margin opportunity is projected to deliver 30–40% developer profit margins. This thoughtfully planned senior living community will consist of five structures; three independent living buildings, one assisted living / memory care facility and one clubhouse. With a customizable unit mix and highly favorable demographic trends, The Bluffs is well positioned to serve the growing senior population in Connecticut. ** The number of assisted and independent living units can be altered depending on your business model. **