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    9 Northridge Dr Windham, CT

    For Sale
    $1,700,000

    Approved 136-unit multifamily development project near universities.

    Lot size:
    23.00 Acres

    Property Features for 9 Northridge Dr

    General Information

    Lot size
    23.00 Acres

    Source: Elite Commercial Real Estate Agent Hugh Schnip

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Approved Multifamily Development Project

    This property is a fully approved 136-unit multifamily market-rate development project. It offers convenient access to Eastern Connecticut University and the University of Connecticut. Situated on busy Route 6, the location provides connectivity between Willimantic, Storrs, and Mansfield, placing it between Hartford and Providence. The property is near a commercial power center that includes a Super Walmart, Home Depot, and Wendy's. The area exhibits a significant need for student housing to serve two universities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Windham
    County
    Windham
    State
    Connecticut
    Longitude
    -72.1666667
    Latitude
    41.7166667

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    FAQs

    What type of property is this?
    Land - Approved 136-unit multifamily development project near universities.
    Where is this land located?
    The property is located at 9 Northridge Dr Windham, CT.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Fully Approved 136 Multifamily Market Rate Development Project; - Large need in the area for Student Housing for (2) Universities; - Easy Access to Eastern Connecticut University and University of Connecticut
    (860) 608-1204
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    9 Northridge Dr Windham, CT
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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
    9 Northridge Dr Windham, CT
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