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    96 Depot St East Windsor, CT 06016

    Sponsored
    For Sale
    $500,000

    10.92 Acres, 4,700 SF Home, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.92-acre property in East Windsor, Connecticut, presents a remarkable redevelopment opportunity. The site includes a 4,700 square foot, 13-room colonial home built in 1999, featuring six bedrooms, three full baths, and two half baths, requiring cosmetic upgrades. An attached one-bedroom apartment is also present, ideal for a caretaker or in-laws. The property further boasts a large barn and paddocks, suitable for continued agricultural use or repurposing. Zoned R2, the land offers significant potential for subdivision and the creation of a 35+ unit residential development, with the town indicating that maintaining 30% open space allows for 5 units per acre on the remaining 70%. The existing home could be sold separately to recoup investment costs. The property's location on Depot Street provides convenient access to Interstate 91 and local amenities. Infrastructure, including utilities, is readily available. This prime location in a growing community offers substantial returns for developers seeking a high-impact project. The existing structures and ample land provide flexibility for various development scenarios, making this a truly unique investment opportunity. The property's value is further enhanced by its scenic surroundings and the potential for significant appreciation in a thriving market.

    Property Features for 96 Depot St

    General Information

    Property type
    Multifamily properties
    Class
    D
    Lot Size
    475,675 SF

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • Excellent location on Depot St, East Windsor, CT, with easy access to I‑91 and local amenities.
    • Large land area suitable for a substantial multi‑family development.
    • Picturesque setting in East Windsor offering a tranquil atmosphere.
    • Strong growth potential in a thriving East Windsor market with expanding rental demand.
    • Favorable zoning and streamlined permitting process for apartment construction.
    • Existing reliable utilities infrastructure (water, electricity).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Wholesale Shop Hotel & Motel Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    East Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.534231281905
    Latitude
    41.917724106139

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    FAQs

    What type of property is this?
    Multifamily property - 10.92 Acres, 4,700 SF Home, High Potential
    Where is this multifamily property located?
    The property is located at 96 Depot St East Windsor, CT.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Excellent location on Depot St, East Windsor, CT, with easy access to I-91 and local amenities.; Large land area suitable for a substantial multi-family development.; Picturesque setting in East Windsor offering a tranquil atmosphere.
    Request Owner's contact information
    96 Depot St East Windsor, CT 06016
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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
    96 Depot St East Windsor, CT 06016
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