0 Bokum Rd Essex, CT 06426
This exceptional offering presents two distinct development opportunities in the desirable town of Essex, Connecticut. The properties, located in a Rural Use (RU) zoned area, are situated within an Active Adult Community adjacent to the Essex Glen condominium community, offering a unique blend of commercial and residential potential. One parcel encompasses 10 acres (Lot 14-2) and is listed at $1,450,000. Access to both parcels is conveniently located at the cul-de-sac end of Essex Glen Drive. The strategic location provides easy access to Essex Village, Route 9, and Interstate 95, ensuring excellent connectivity and visibility. The 10-acre parcel presents a compelling opportunity for developers seeking to capitalize on the growing demand for residential or commercial projects in this sought-after area. The property's zoning allows for a variety of development options, making it an attractive investment for both experienced and emerging developers. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire prime development land in a thriving Connecticut community. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.