Riv Rd Middletown, CT 06457
§2.26 RF- Riverfront Recreation Zone. 1. Description. It is the intent of this section to protect the natural character of the Connecticut River Greenway and ensure that any development within the zone proceeds in an environmentally sensitive manner. Therefore, tree clearance and other alterations within the zone shall be held to a minimum, as determined by…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
RF · Middletown, CT§2.26 RF- Riverfront Recreation Zone. 1. Description. It is the intent of this section to protect the natural character of the Connecticut River Greenway and ensure that any development within the zone proceeds in an environmentally sensitive manner. Therefore, tree clearance and other alterations within the zone shall be held to a minimum, as determined by the Commission. This Zone is composed of the Connecticut River and the strip or land paralleling the river from the northern (at Wilcox Island) to southern Zoning Code of the City of Middletown, Connecticut II-34 municipal boundary. The northern, eastern and southerly boundary is the municipal line. The western boundary, at the northerly end, is the railroad track, which parallels State Highway 9. At Silver Street, at River Road, the 100-year floodplain line becomes the boundary line continuing to a point south of the wetland at the mouth of Hubbard Brook where the 100-year floodplain line intersects a line 200 ft. west of the centerline of the railroad right of way. Then continuing southerly along that line paralleling the centerline of the railroad right of way until reaching the northern limit of a parcel known as Map 57 Block 50-1 Lot 103 in the City Tax Assessor’s office on the effective date of this amendment. The boundary then runs easterly approximately 100 ft. along the northern limit of that parcel to the western limit of the railroad right of way, then south along the western limit of the railroad right of way approximately 1,250 ft. to the southern limit of a parcel known as Map 57 Block 50-1 Lot 110 in the City Tax Assessor’s Office on the effective date of this amendment, and then westerly to a point 200 ft. west of the centerline of the railroad right of way and then southerly along a line paralleling the centerline of the railroad right of way to the City boundary. 2. Uses. Permitted uses are limited to water oriented uses and recreational uses and those uses permitted in the §4.17 Flood Area Management Codes. 3. Area, Bulk, and Yard Requirements. Lot Size: No requirement. Lot Width: 100 ft. minimum. Front Yard: No requirement. Rear Yard: No requirement. Side Yard: No requirement. Building Coverage: 30% maximum. Height: 20 ft. maximum, with the exception of the Immediate Harbor Area in which the maximum height of any new structure shall not exceed 35 ft. The Immediate Harbor Area is defined as that area bounded North by the Middletown-Portland Bridge; East by the municipal line; South by Sumner Brook; and West by State Highway 9. 4. Additional Requirements. 1.
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.