0 Chestnut Hill Ave Waterbury, CT 06704

This 10.73-acre parcel in Waterbury, Connecticut, presents a prime residential development opportunity. Located on Chestnut Hill Ave (06704), the property is zoned R.L. (Residential Low Density), permitting the construction of single-family dwelling units at a density of up to eight units per acre. A prior subdivision approval, though expired, allowed for 38 single-family home sites, and existing engineering and survey records are available to facilitate a new approval process. The site boasts public water and sewer access, significantly streamlining development. The property's street frontage meets the required 60 feet. Beyond single-family homes, the zoning allows for several other uses via special permit, including active adult housing, residential campus development, and planned residential conservation development, with the latter permitting two-family dwellings. This exceptional location offers significant potential for a lucrative residential project, capitalizing on a single-family market that has seen a 24.2% increase. The asking price is $175,000, and the property is offered fee simple with APN 1399985. Detailed zoning and subdivision regulations are available upon request.