Property profile

9 Northridge Dr Windham, CT 06256

OFF-MARKET
Land
23 ac lot
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Property summary

AI-generated overview

This exceptional 23-acre commercial land parcel, identified by APN numbers 1475, 1476, and 1477, presents a unique investment opportunity in Windham, Connecticut. Located at 9 Northridge Drive, 06256, this property boasts a C-4 Special Permit zoning designation, allowing for the development of a fully approved 136-unit multifamily market-rate apartment complex. The approved project plan includes a mix of 68 two-bedroom and 68 one-bedroom units, supported by a generous surface parking ratio of 1.5 spaces per unit. This prime location offers easy access to Eastern Connecticut State University and the University of Connecticut, strategically situated on busy Route 6 between Willimantic, Storrs, and Mansfield. The property benefits from its proximity to a thriving commercial power center anchored by major retailers such as Walmart, Home Depot, and Wendy's, ensuring high visibility and convenient access to amenities. The asking price for this exceptional development opportunity is $1,700,000. This fully approved project offers immediate potential for significant returns, capitalizing on the strong demand for multifamily housing in this rapidly growing area, bridging the gap between Hartford and Providence. Don't miss this chance to acquire a ready-to-develop site with exceptional potential.

Property profile

Verified
Property type Land
Lot 23 ac (1,001,880 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9 Northridge Dr Windham, CT 06256
Windham metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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