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    10 Riverside Dr Sprague, CT 06330

    For Sale
    $2,500,000

    Residential Land - Sprague, CT

    Lot size:
    70.91 Acres
    Days on Market:
    180
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 10 Riverside Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-20
    APN
    1566036
    Lot size
    70.91 Acres

    Building Details

    Architectural style
    Other

    Real Broker CT, LLC (855) 450-0442 [email protected]

    Listing agent Stephano Stravoravdis (855) 450-0442

    Listing date Jun 9, 2025

    MLS# 24102656 Listing URL

    Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sprague, CT: 70-Acre Development Opportunity

    This 70.91-acre development site in Sprague, Connecticut, presents the opportunity to construct a 96-unit condominium community, potentially including single-family homes, along with two small retail centers, within the town's Village Design District. The plan incorporates two- and three-bedroom, handicap-accessible units, a community center equipped with a kitchen, fitness room, and multipurpose spaces, and walkable infrastructure featuring 22-foot-wide roads and 5-foot sidewalks. Over 3,000 feet of scenic walking trails are planned throughout the surrounding woodlands. Phase 1 infrastructure is currently underway. The location is approximately 1.5 miles from Route 395 and within 5 miles of Lisbon Landing, Mohegan Sun Golf Club, and Backus Hospital. The site is located 30 minutes from both UConn and Eastern Connecticut State University. Buyers should perform their due diligence with the town and their builders. The property is zoned R-20.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Kitchen & Bath Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sprague
    County
    New London
    State
    Connecticut
    Longitude
    -72.0461
    Latitude
    41.60041

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    FAQs

    What type of property is this?
    Residential land & home lot - 70-acre development site approved for 96-unit condo community.
    Where is this residential land & home lot located?
    The property is located at 10 Riverside Dr Sprague, CT.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - 70-acre development opportunity for a 96-unit condominium community with retail centers.; - Approved for development in the Village Design District of Sprague, CT.; - Includes plans for spacious, handicap-accessible two- and three-bedroom units and a community center.
    (855) 450-0442
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    10 Riverside Dr Sprague, CT 06330
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    Sprague, CT 06330
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10 Riverside Dr Sprague, CT 06330
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