1 Ballahack Rd East Haddam, CT 06423
This exceptional 63.74-acre parcel in desirable East Haddam, Connecticut, presents a remarkable development opportunity. Preliminary engineering and site plans have already been completed, outlining the potential for six residential lots. One of these lots boasts approximately 60 feet of direct frontage on picturesque Bashan Lake (also known as Little Pond). The property enjoys a prime location bordering the Bashan Lake boat launch, offering residents convenient access to recreational activities. Situated in the historic town of East Haddam, this land is close to renowned attractions such as the Goodspeed Opera House, The Gelston House, the East Haddam Swing Bridge, and Gillette's Castle. Its convenient proximity to Routes 2 and 9 ensures easy access to major highways. The seller is open to considering a free split option, providing flexibility for potential buyers. This is a rare chance to acquire a substantial tract of land with significant development potential in a highly sought-after Connecticut location, capitalizing on the current housing shortage. The property's unique features and strategic location make it an ideal investment for developers or those seeking a large-scale residential project. The existing preliminary engineering and lot layout significantly reduce the time and cost associated with initial development phases. This is a truly exceptional opportunity not to be missed. The zip code is 06423, and the property is located in Middlesex County.
Cap rate
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