14 Hyde Ave Vernon, CT 06066
- Commercial land
- 25.80 lot acres
Current Use by Public Records
- Commercial land
Property Details for 14 Hyde Ave
- Lot size
- 25.80 lot acres
- Zone code
- COMMER
- Property type
- Commercial land
- APN
- VERN M:46 B:0071 L:00019
- APU
- VERNM46B0071L00019
Description
This exceptional 24.5-acre parcel in Vernon, Connecticut, presents a fully approved opportunity to develop a 174-unit multifamily community. The project, situated on a strategically located lot bordering Tolland, CT, boasts detailed site plans and readily available approval documents. The approved design includes a mix of 84 one-bedroom and 90 two-bedroom apartments, thoughtfully arranged across three floors. The unit breakdown includes 48 one-bedroom units on the first and second floors, 36 one-bedroom units on the third floor, 54 two-bedroom units on the first floor, and 36 two-bedroom units on the third floor. This development is primed to capitalize on high rental demand in the area, offering convenient access to major highways, employment centers, and educational institutions. Its proximity to the University of Connecticut (18 minutes), Hartford (19 minutes), and Boston (1 hour 20 minutes) further enhances its appeal to potential renters. The property is zoned for residential use and offers a rare opportunity to bring a pre-approved project to life in a sought-after location. Detailed demographic and traffic data are available upon request. This is a turnkey development opportunity ready for immediate construction. The property is located at 14 Hyde Ave, Vernon, CT 06066.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Vernon
- County
- Tolland
- State
- Connecticut
- Longitude
- -72.4281
- Latitude
- 41.8573
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
