465 School St Putnam, CT 06260

This exceptional 9.8-acre parcel in Putnam, Connecticut, presents a unique investment opportunity. Zoned R-10, this land is ideally suited for the development of a 40-unit multifamily residential complex. Located in an Opportunity Zone, this project offers significant tax advantages. Public water and sewer are readily available, simplifying infrastructure needs. The property boasts convenient access to Route 395, enhancing its appeal and potential for strong rental demand. Preliminary site work has already been completed, including driveway installation and property staking. A detailed proposal outlining projected costs and timelines is available, estimating a total development cost of $266,950, resulting in an approximate per-unit cost of $6,673.75. This represents a compelling entry point into the multifamily market in a desirable Connecticut location. The asking price for the land itself is $250,000, offering a strong return on investment potential. This is a turnkey opportunity for developers seeking a prime location and a streamlined development process. Don't miss this chance to capitalize on this exceptional development opportunity in a thriving market.