0 Riverside Dr & Azud Rd Thompson, CT 06277
This exceptional 12.82-acre site in Thompson, Connecticut, offers a fully approved plan for a 60-unit townhome community. The development will consist of fifteen four-unit buildings, allowing for phased construction. Each townhome boasts an attached garage, private driveway, open floor plan, and outdoor patio space. The property is conveniently served by public sewer and Eversource three-phase power. This prime location presents a compelling opportunity for either a for-sale condominium project or a build-to-rent community. Situated in Windham County, it enjoys proximity to major transportation arteries, including the I-395 entrance ramp (1.3 miles). Commuting is easy, with Worcester, MA, a mere 30 minutes away, and Boston, Providence, Springfield, Hartford, and New London all within an hour's drive. Residents will appreciate the nearby amenities, including the Putnam district's dining and shopping (less than 2 miles), numerous state parks and lakes (Quaddick State Park, West Thompson Lake, etc.), and recreational options such as Thompson Motor Speedway and several golf courses. Furthermore, Day Kimball Hospital is less than three miles away, and the University of Connecticut's main campus in Storrs is approximately 25 miles distant. This development presents a unique blend of convenience, natural beauty, and significant investment potential.
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.