30 Dorset Xing - Dorset Crossing Land 4.5 Acres of Commercial Land Offered at $3,460,325 CAD in Simsbury, CT 06070
INVESTMENT HIGHLIGHTS
- 27,000 daily traffic count
- All utilities
- 50,000+ square feet master planned
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $3,460,325 CAD |
| Price Per AC | $768,961.11 CAD |
| Lot Size | 4.50 AC |
4.5 acres of the Dorset Crossing master planned complex is available and approved for 72 multi-family units, including 64 market rate units and 8 affordable units based on area median income.
DESCRIPTION
The Pointe at Dorset Crossing with 168 units is a successful existing apartment complex with low vacancy rates, and has been sold twice since 2017. An additional 72 units to the rear of The Pointe are also recently approved under separate ownership. An existing medical office / retail building of about 15,000 square feet is adjacent to the site and also available for sale or lease, and another available one-acre lot to the southeast would be ideal for a bank, restaurant, or other commercial enterprise. The site has great visibility from Route 202, where there is a signalized entrance into the complex. The land is level with very well drained soils.
PROPERTY TAXES
| Parcel Number | SIMS-000044I-003013-A000000 | Improvements Assessment | $1,667,226 CAD |
| Land Assessment | $308,069 CAD | Total Assessment | $1,975,295 CAD |
