Residential Land for Multifamily
For Sale
$1,272,000
Pending
00 Scott Road, Waterbury, CT 06705
Land suitable for multifamily residential development with utilities available.
Property SizeContact for details
Lot Size8.99 Acres
Days on Market177
Property Features for 00 Scott Road
General Information
Standard status
Pending
Lot size
8.99 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$2,122
Amenities
City Views
Sloping Lot
Listing Agency:
Ghent Realty Advisors
(203) 597-1077
Listed By:
ROBERT GHENT · License #REB.0790043
Source:
Corcoran
Added: Feb 12
Changed: Aug 8
Last Checked: Aug 8 at 6:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ghent Realty Advisors
Investment Insights
Based on property information with market context.
This property is located in an RM Zone (Residential Moderate Density) District, which permits multifamily residential development at a density of 24.0 Units per acre. Building in the RM district cannot exceed 12 units per building, and each unit requires 1.5 parking spaces. Prior site approval allows for 106 apartments in 13 buildings. Public water, sewer, and stormwater utilities are available on Vivian Drive, Thornhill Circle, and Village Wood Drive. High-speed internet service is accessible in the area. CT Transit provides bus service on Scott Road. The site offers convenient access to I-84, CT Rte. 8, and CT Rte. 69. The Waterbury Metro North Train Service is a 10-minute drive away. As of the 2023 DECD profile, the population was 114,356. The Waterbury Plan of Conservation and Development states that the population grew to 115,908 at the end of 2024. There are 50,577 housing units in Waterbury, with one-third built before 1940. The Waterbury vacancy rate is 3.6%, with no new deliveries in the last 12 months, according to CoStar. There has been limited multifamily development activity in Waterbury over the last 5 years.
Key Highlights
- Prior site approval allows for 106 apartments in 13 buildings.
- RM Zone permits multifamily residential development at a density of 24.0 Units / Acre.
- Waterbury vacancy rate is 3.6%** with no new deliveries in the last 12 months.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 06705, CT
27,197
Population
12,222
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
4,857
Density / Sq Mi
$53,169
Median Household Income
$41,327
Median Earnings
$1,165
Median Rent
$177,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land suitable for multifamily residential development with utilities available.
Where is this residential land & home lot located?
The property is located at 00 Scott Road Waterbury, CT.
What is the asking price?
The asking price for this property is $1,272,000.
What are key features of this property?
This property features: Prior site approval allows for **106 apartments in 13 buildings**.; RM Zone permits multifamily residential development at a density of 24.0 Units / Acre.; Waterbury vacancy rate is 3.6%** with no new deliveries in the last 12 months.
