Listing Agency: Elite Commercial Real Estate Show Phone

Listed By: Hugh Schnip · License #RES.0797678 Show Phone

Source: Moodyscre

Added: Mar 15, 2023 Changed: Sep 3 Last Checked: Sep 13 at 10:31AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Electrical Service Big Box & Wholesale Store Building Supply (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Spa & Massage Center

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

26

Businesses Nearby

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What type of property is this? Where is this land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

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