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55 Reservoir Rd - Proposed Multi-family or Retail 40.55 Acres of Commercial Land Offered at $3,000,000 in Vernon, CT 06066

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Executive Summary

Proposed: Multi-family, Flex Space, Self-Storage, Last Mile Warehouse, or Retail Development 40.55 acres in Vernon’s Planned Development Zone. Great visibility with a traffic count of 74,000. On I-84 and 21,500 on Reservoir Rd. Public water and Sewer. Has an existing road through entire parcel!

2025 -55 Reservoir Rd brochure

Property Facts

Price	$3,000,000	Property Subtype	Commercial
Sale Type	Owner User	Proposed Use	Retail Multifamily Apartment Units Apartment Units - Senior Schools Single Family Development
No. Lots	1	Total Lot Size	40.55 AC
Property Type	Land
Zoning	PDZ

Price	$3,000,000
Sale Type	Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Multifamily Apartment Units Apartment Units - Senior Schools Single Family Development
Total Lot Size	40.55 AC
Zoning	PDZ

1 Lot Available

Lot

Price	$3,000,000	Lot Size	40.55 AC
Price Per AC	$73,982.74

Price	$3,000,000
Price Per AC	$73,982.74
Lot Size	40.55 AC

Description

This property was previously under contract. The buyer had concerns about potential wetlands and vernal pools Ownership hired George T Logan, MS, PWS, CSE. George T Logan is a Certified Professional Wetland Scientist, Registered Soil Scientist, Specialist. His letter is attached with his findings from a nine-month study at this property that shows it does not have wetland/vernal pool issues that prohibit its development. Proposed Multi-family or Retail Development. Zone: PDZ - “Planned Development Zone - I-84, Exit 67 Area.” Acres: 40.55. Abuts Burger King. Public Water & Sewer. Visibility / Frontage on I-84. Traffic Count: 21,500 on Reservoir Rd. Traffic Count: 74,000 on I-84. Existing road through entire parcel

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Somewhat walkable

30/100

Exceptionally drivable

100/100

Limited public transit

30/100

Somewhat bikeable

20/100

Source: Local Logic^®

Property Taxes

Parcel Number	VERN-000046-000068-000061	Improvements Assessment	$0
Land Assessment	$170,390	Total Assessment	$170,390

Property Taxes

Parcel Number

VERN-000046-000068-000061

Land Assessment

$170,390

Improvements Assessment

Total Assessment

$170,390

(860) 887-5000

Contact

Ron Lyman
Lyman Real Estate Brokerage & Development

Listing ID: 3967206
Date on Market: 3/25/2011
Last Updated:
Address: 55 Reservoir Rd, Vernon, CT 06066

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55 Reservoir Rd, Vernon, CT for sale Building Photo- Image 1 of 5 — Building Photo

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55 Reservoir Rd - Proposed Multi-family or Retail

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