32 Halls Hill Rd
Colchester, CT 06415
South Main Street Colchester · Land For Sale
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0.88 AC
Investment Highlights
- high traffic location with front and back street access
Property Facts
Description
The subject property is an assemblage of two income producing assets and a commercial lot. The assemblage is located in Colchester, CT which is 28 minutes from Hartford, Ct and just over 2 hours from New York City. While the income producing assets have an intrinsic value as-is, the real value is through a redevelopment of the site with a mixed use development. By rights the property has a redevelopment potential that would allow for a maximum coverage ratio of 75%. This would allow for a potential of 12,000 sq. ft. of commercial/office and 10 residential units. The acquisition of this assemblage will include a turnkey operation which is able to either be assumed or sold to an operator tenant to receive income during the entitlement process. Currently there are operators interested in executing a lease for the existing business. Zoning: Town Center District – (TC) Total Assembled Acreage: .88
Property Taxes
| Parcel Number | COLC-000012-000000-000011 | Improvements Assessment | $161,800 |
| Land Assessment | $28,600 | Total Assessment | $190,400 |
Property Taxes
