100 Nod Way Avon, CT 06001
This exceptional 9.26-acre parcel in Avon, Connecticut, presents a unique development opportunity. Situated directly across from the Blue Fox Run Golf Course on the Farmington River, this property offers unparalleled convenience and scenic beauty. Previous plans have been submitted for a mixed-use development encompassing 42 multi-family and 13 single-family homes, designed as an affordable housing project. However, the site's zoning and location also make it highly suitable for a senior housing development, with a potential for 100-125 units under an 8-30g project. Currently zoned agricultural, the land is strategically positioned amongst existing multi-family developments in RU-2A zoning, which permits Planned Elderly Residential Development or Assisted Living through special exception. All utilities are readily available. The property enjoys a prime location, just a quarter-mile north of Route 44's commercial corridor and less than a mile from Avon Village Center. Commuting is a breeze, with Bradley International Airport and downtown Hartford both within a 25-minute drive. This is an exceptional opportunity to acquire a large, well-located parcel with significant development potential in a thriving Connecticut community. The asking price is $2,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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