20 Pheasant Dr Middletown, CT 06457-5172
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Oak Hill Nursing Home Social Service Agency
standard lots, except for rear lots in an R-30 zone in accordance with §2.3.4 Additional Requirements, provided a vegetative or landscape buffer between the front and rear lots is required. 9. There shall not be more than two access strips adjacent to each other. 10. No nonconforming lot shall be created as a result of a proposed rear lot particularly in ter…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2015Comparables
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
R-30 · Middletown, CTstandard lots, except for rear lots in an R-30 zone in accordance with §2.3.4 Additional Requirements, provided a vegetative or landscape buffer between the front and rear lots is required. 9. There shall not be more than two access strips adjacent to each other. 10. No nonconforming lot shall be created as a result of a proposed rear lot particularly in terms of remaining city street frontage and area. 11. Dwellings shall be connected to city water and sewer facilities, when constructed, if those facilities are not available the Department of Health must approve the proposed lot for an onsite well and septic system prior to the lots approval by the Commission. 12. The grade of the access strip shall not be more than four percent for a distance of 50 ft. from the City street. 13. Electric and other utility service lines shall be placed underground if they are underground along the street. 29. Two-Family or Single-Family Dwellings on Lots of Record in an RPZ Zone. 1. A two-family dwelling may be constructed on any lot of record in an RPZ zone provided that: 1. The lot has a frontage of at least 50 ft. 2. The lot has an area of at least 7,500 sq. ft. 3. The lot is served by City water and sewer. 2. Where the applicant shall prove to the satisfaction of the Commission that the land characteristics and physical site conditions make such development practical, reasonable and desirable and such development will be in harmony with the purpose and intent of the Plan of Conservation and Development and shall comply with all other applicable codes, regulations and ordinances, the Commission may approve two-family or single- family dwellings on any lot of record in an RPZ zone having no frontage or less than 50 ft. of frontage, provided that: 1. The lot has an area of at least 7,500 sq. ft. 2. If the lot has no frontage on a public street, it shall have a permanent recorded easement at least 25 ft. in width which provides unrestricted access by foot and by vehicle to a public street. 3. In no event shall any such lot have less than 25 ft. of frontage on a public street or, in lieu thereof, a 25 ft. Zoning Code of the City of Middletown, Connecticut V-31 permanent recorded easement providing unrestricted access by foot and by vehicle to a public street. 30. Care/Nursing Home Uses. 1. The location of the facility shall be compatible with the neighborhood in terms of traffic, noise, and number of patients\clients cared for. The facility shall also be compatible with its setting in scale, material and design. 2.
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.