Townhome Development
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58 Old Amity Rd, Bethany, CT 06524
R-130 zoned bank-owned property with 22 completed townhomes and multiple approvals for additional homes and units.
Property SizeContact for details
Days on Market173
Property Features for 58 Old Amity Rd
General Information
Standard status
Active
Class
C
Property subtype
Multifamily
Zoning
R-130
Investment Type
Value Add
Additional Details
Multifamily Units
22
Building Details
Year Built
2018
Stories
2
Units
22
Tenancy
Multi
Listing Agency:
Scalzo Commercial & New Development
Listed By:
Paul Scalzo Sr. · License #CTNY
(203) 695-1003
Source:
Crexi
Added: May 4
Changed: Oct 7
Last Checked: Oct 23 at 5:11AM
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 Scalzo Commercial & New Development
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Investment Insights
Based on property information with market context.
Bank-owned property at 58 Old Amity Rd in Bethany, CT, zoned R-130 and presented with an established townhome development component. The site includes 22 completed townhomes, with approvals in place for three additional homes.
The development further contemplates additional build-out connected to an approved clubhouse site, including the potential to develop three more homes on that clubhouse area. In addition, the property holds approvals for eight more units.
With the approvals already secured and infrastructure noted as in place in the remarks, the property is positioned as a flexible residential income and development asset. The existing configuration supports operation as a multifamily rental community, with the alternative described in the materials of converting to a condominium complex with an established association.
The development further contemplates additional build-out connected to an approved clubhouse site, including the potential to develop three more homes on that clubhouse area. In addition, the property holds approvals for eight more units.
With the approvals already secured and infrastructure noted as in place in the remarks, the property is positioned as a flexible residential income and development asset. The existing configuration supports operation as a multifamily rental community, with the alternative described in the materials of converting to a condominium complex with an established association.
Key Highlights
- Bank‑owned property in Bethany, CT with R‑130 zoning.
- 22 completed townhomes included in the property.
- Approvals in place for three additional homes.
Property Analytics
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Lease Details
22
Residential units
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
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Business Placement
Demographics for 06524, CT
5,297
Population
1,846
Households
2.9
Avg Household Size
48
Median Age
59%
College-Educated
97%
High-School Grad
21.1 sq mi
ZIP Area
251
Density / Sq Mi
$153,879
Median Household Income
$72,144
Median Earnings
$1,500
Median Rent
$418,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - R-130 zoned bank-owned property with 22 completed townhomes and multiple approvals for additional homes and units.
Where is this apartment building located?
The property is located at 58 Old Amity Rd Bethany, CT.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Bank‑owned property in Bethany, CT with R‑130 zoning.; 22 completed townhomes included in the property.; Approvals in place for three additional homes.
