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    Bunker Hl Rd Ext Watertown, CT 06795

    Sponsored
    For Sale
    $4,500,000

    Prime CT Industrial Land, 350-Unit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    Heritage Woods presents a unique investment opportunity in Watertown, Connecticut. This expansive industrial land parcel, located on Bunker Hill Road Extension (zip code 06795), is zoned for multi-family development. The property boasts an approved plan for a substantial housing development comprising 350 units. This pre-approved project significantly reduces development hurdles and timelines, offering immediate potential for substantial returns. The site's strategic location in Litchfield County provides excellent access to regional transportation networks and amenities, making it highly attractive for both residents and investors. The asking price for this exceptional property is $4,500,000. Given the approved plan for a 350-unit development with a 55 and over age restriction, this land offers a compelling opportunity to capitalize on the growing demand for senior housing in the area. The property's size and zoning make it ideal for a large-scale development project, promising significant long-term value appreciation. Detailed site plans and development approvals are available upon request. This is a rare chance to acquire a fully permitted, shovel-ready development site in a desirable Connecticut location. Don't miss this opportunity to secure a high-yield investment with significant future growth potential. Contact us today to learn more.

    Property Features for 0 Bunker Hl Rd Ext

    General Information

    Property type
    Land

    HighLights

    • Watertown, CT industrial land zoned multi‑family, 06795.
    • Approved plan for 350‑unit senior housing development (55+).
    • $4,500,000 asking price.
    • Shovel‑ready site with significant development approvals in place.
    • Excellent access to regional transportation and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Watertown
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.1193285
    Latitude
    41.5761326

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    FAQs

    What type of property is this?
    Land - Prime CT Industrial Land, 350-Unit Potential
    Where is this land located?
    The property is located at Bunker Hl Rd Ext Watertown, CT.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Watertown, CT industrial land zoned multi-family, 06795.; Approved plan for 350-unit senior housing development (55+).; $4,500,000 asking price.
    Request Owner's contact information
    Bunker Hl Rd Ext Watertown, CT 06795
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    Watertown, CT 06795
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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
    Bunker Hl Rd Ext Watertown, CT 06795
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