Approved Condominium Project
For Sale
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115 Groveland Ave, Putnam, CT 06260
Fully approved condominium project with development potential in Putnam, CT.
Property Size3,696 SF
Price / SF$108.20
Days on Market194
Property Features for 115 Groveland Ave
General Information
Standard status
Active
Size
3,696 SF
Property subtype
Multifamily, Land
Zoning
RES
Building Details
Year Built
2006
Units
1
Listing Agency:
Berkshire Hathaway HomeServices New England Properties
(860) 633-3674
Listed By:
Jennie Kesselman · License #RES0816437
Source:
Crexi
Added: Jan 30
Changed: Aug 8
Last Checked: Jul 16 at 12:49PM
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 Berkshire Hathaway HomeServices New England Properties
Investment Insights
Based on property information with market context.
This property presents a development opportunity featuring a fully approved condominium project situated on a private lot with views. The turnkey development package includes the land, two existing townhouses with garages, and approvals for the construction of eight additional units. Fully engineered plans are available upon request. Town approvals are in place, and underground utilities are already on site, with initial infrastructure completed. Public water and sewer services are accessible. Condominium documents have been recorded, and unit building plans are available. The existing units offer immediate value while allowing for future expansion with the remaining approved units. This property is suitable for developers seeking income with significant upside potential. It provides an opportunity to own or develop a planned community in the northeast corner of Connecticut, conveniently located near both Rhode Island and Massachusetts. The property size is 3696 square feet.
Key Highlights
- Fully approved condominium project for 8 additional units.
- Turnkey development package including land and existing townhouses.
- Existing units provide immediate income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
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Business Placement
Demographics for 06260, CT
9,236
Population
4,289
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
85%
High-School Grad
20.1 sq mi
ZIP Area
460
Density / Sq Mi
$67,353
Median Household Income
$41,491
Median Earnings
$1,124
Median Rent
$257,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Fully approved condominium project with development potential in Putnam, CT.
Where is this residential land & home lot located?
The property is located at 115 Groveland Ave Putnam, CT.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Fully approved condominium project for 8 additional units.; Turnkey development package including land and existing townhouses.; Existing units provide immediate income.
