Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

934 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

553 Gold Star Hwy
Groton, CT 06340

Multi-Family Development · Land For Sale · 17.66 AC

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

270-unit ($15,000/per unit) plan, along with the 312-unit, ($13,000/per unit) plan.
Good title, & clean environmental to residential standards

All Units at Market Rate. None need to be affordable

Executive Summary

4 parcels totaling 17+ acres. 270-312 unit Multi-Family development. All Units at Market Rate. None need to be affordable. 270-unit ($15,000/per unit) plan, along with the 312-unit, ($13,000/per unit) plan. Clean environmental to residential standards

PROPERTY FACTS Under Contract

Sale Type	Investment	Proposed Use	Multifamily Apartment Units - Condo
No. Lots	1	Total Lot Size	17.66 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Commercial

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units - Condo
Total Lot Size	17.66 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$5,759,626 CAD	Lot Size	17.66 AC
Price Per AC	$326,140 CAD

Price	$5,759,626 CAD
Price Per AC	$326,140 CAD
Lot Size	17.66 AC

Description

4 parcels totaling 17+ acres. 312 unit Multi-Family development. . All Units at Market Rate. None need to be affordable. 270-unit ($15,000/per unit) plan, along with the 312-unit, ($13,000/per unit) plan. Clean environmental to residential standards Link to additional documents https://app.box.com/s/m6h2krfm5jlnbam10yst8e87txxd7jvo

PROPERTY TAXES

Parcel Number	GROT-001699-000927-000077	Improvements Assessment	$3,833 CAD
Land Assessment	$669,617 CAD	Total Assessment	$673,450 CAD

PROPERTY TAXES

Parcel Number

GROT-001699-000927-000077

Land Assessment

$669,617 CAD

Improvements Assessment

$3,833 CAD

Total Assessment

$673,450 CAD

zoning

Zoning Code	CR
CR

Listing ID: 26929980
Date on Market: 2022-10-25
Last Updated:
Address: 553 Gold Star Hwy, Groton, CT 06340

1 of 6

VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

1/6

This feature is unavailable at the moment.