0 Bunker Hl Rd Ext Watertown, CT 06795
Heritage Woods presents a unique investment opportunity in Watertown, Connecticut. This expansive industrial land parcel, located on Bunker Hill Road Extension (zip code 06795), is zoned for multi-family development. The property boasts an approved plan for a substantial housing development comprising 350 units. This pre-approved project significantly reduces development hurdles and timelines, offering immediate potential for substantial returns. The site's strategic location in Litchfield County provides excellent access to regional transportation networks and amenities, making it highly attractive for both residents and investors. The asking price for this exceptional property is $4,500,000. Given the approved plan for a 350-unit development with a 55 and over age restriction, this land offers a compelling opportunity to capitalize on the growing demand for senior housing in the area. The property's size and zoning make it ideal for a large-scale development project, promising significant long-term value appreciation. Detailed site plans and development approvals are available upon request. This is a rare chance to acquire a fully permitted, shovel-ready development site in a desirable Connecticut location. Don't miss this opportunity to secure a high-yield investment with significant future growth potential. Contact us today to learn more.
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.