505 Old Colchester Road

Montville, CT 06382

  • $800,000
  • 7,500 Sqft
  • 2.56 Acres
  • 1963 Built
  • $107 Price/Sqft

**Exciting Development Opportunity - 505 Old Colchester Road, Montville, CT!** With a growing need for affordable housing in Montville, this property presents an exciting opportunity for investors, builders, and developers! Potential possibilities include multiple residential units or continued use as a church. Additional development opportunities may exist utilizing the driveway and expansive parking area, which offers over 90 parking spaces. There may also be an opportunity to utilize town water while retaining the existing septic system. Conveniently located within driving distance of beautiful Connecticut shoreline beaches, the Block Island Ferry, and Mohegan Sun Resort & Casino, offering easy access to coastal attractions, entertainment, dining, and recreation. Whether you're looking to develop affordable housing, create a multifamily investment, or establish a place of worship, this unique property offers tremendous potential! All proposed uses and development possibilities are subject to zoning, feasibility, and necessary approvals. Buyer to perform their own due diligence regarding permitted uses, unit count, utilities, and development potential. An engineer will be needed to assess the number of units that may be possible.

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Property Highlights
  • STYLE : Ranch
  • DAYS ON MARKET : 9
  • MLS : 24216965

Additional Information

ADDITIONAL INFORMATION
  • ACRES: 2.56
  • ATTIC DESCRIPTION: Pull-Down Stairs
  • GARAGE: Paved
  • HIGH SCHOOL: Per Board of Ed
  • IS OCCUPIED?: Vacant
  • LIVING AREA SQFT: 7,500
  • PROPERTY TAX: $7,584
  • SEWER: Septic
  • STYLE: Ranch
  • TAX AMOUNT: $7,584
  • YEAR BUILT: 1963
  • YEAR BUILT DETAILS: Public Records
  • ZONING: R40
INTERIOR FEATURES
  • AIR CONDITIONING: Central Air
  • ATTIC: Yes
  • COOLING: Central Air
  • FURNACE TYPE: Natural Gas
  • HEAT: Natural Gas
  • HEAT FUEL: Natural Gas
  • HOT WATER: Other
  • ROOMS: 1
EXTERIOR FEATURES
  • EXTERIOR SIDING: Vinyl Siding
  • ROOF: Asphalt Shingle

Listing Courtesy of The One Team At William Raveis Real Estate (203.453.0391) of William Raveis Real Estate (203.453.0391).

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Location for 505 Old Colchester Road, Montville, CT

Schools for 505 Old Colchester Road, Montville, CT

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Shoreline

Shoreline, Connecticut

Mystic Seaport, Mystic Aquarium and Hammonasset Beach State Park in Madison are only a sampling of the Connecticut Shoreline’s most popular attractions. There is so much more to this region of the state,...

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