Listing Agency: Lyman Real Estate r***@lymanre.com Show Phone

Listed By: Ron Lyman · License #REB.0417795 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Aug 8 Last Checked: Aug 8 at 5:53AM

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Investment Insights

Based on property information with market context.

This property features four parcels totaling over 17 acres, suitable for a multi-family development. Plans are available for a 270-unit development at $15,000 per unit, and a 312-unit development at $13,000 per unit. All units are intended to be market rate, with no affordable housing requirements. The property has a clean environmental record to residential standards. Additional documents are available upon request.

Key Highlights

• 17+ acre property ideal for a large multi‑family development.
• Approved for 270‑312 market‑rate units with no affordable housing requirements.
• Two development plans are available: 270‑unit and 312‑unit options.

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

239

Businesses Nearby

Explore this area Business Placement

Demographics for 06340, CT

29,788

Population

14,441

Households

2.1

Avg Household Size

35

Median Age

38%

College-Educated

93%

High-School Grad

22.5 sq mi

ZIP Area

1,324

Density / Sq Mi

$77,768

Median Household Income

$45,308

Median Earnings

$1,492

Median Rent

$275,500

Median Home Value

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Frequently Asked Questions

What type of property is this?

Land - 17+ acres for 270-312 market-rate multi-family units.

Where is this land located?

The property is located at 517-571 Gold Star Hwy Groton, CT.

What is the asking price?

The asking price for this property is $4,050,000.

What are key features of this property?

This property features: 17+ acre property ideal for a large multi‑family development.; Approved for **270‑312 market‑rate units** with no affordable housing requirements.; Two development plans are available: 270‑unit and 312‑unit options.