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505 Old Colchester Road

Montville, CT 06382

$800,000 PRICE
2/2 Baths
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.

Additional Information

ADDITIONAL INFORMATION

ACRES: 2.56
AREA TYPE: Rural
IS OCCUPIED?: Vacant
LIVING AREA SQFT: 7,500
PROPERTY TAX: $7,584
ROAD FRONTAGE DESCRIPTION: Municipal Street, Paved Road
SEWER: Septic
TAX AMOUNT: $7,584
UTILITIES AVAILABLE: Electric, Gas, Telephone
YEAR BUILT: 1963
ZONING: R40

INTERIOR FEATURES

AIR CONDITIONING: Central Air
COOLING: Central Air
FULL BATHS: 2
FURNACE TYPE: Natural Gas
HALF BATHS: 2
HEAT: Natural Gas
HEAT FUEL: Natural Gas
LIVING SQFT SOURCE: Public Records
TOTAL BATHS: 4

EXTERIOR FEATURES

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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Shoreline, Connecticut

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