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719 Cedar Street - Land, Industrial, TOD Zone, Student housing, Newington, CT

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719 Cedar Street - Land, Industrial, TOD Zone, Student housing

Newington, CT 06111 - Newington Submarket

Property Type:Land Parcel Size:8.04 Acres
For Sale Price:$2,300,000 Price/Acre:$286,070 Price/SF:$6.57

Proposed Use:Retail, Apartment Units, Apartment Units - Dorms

On-Site Improv:-

Part of CCSU potential future campus (see att. State of CT maps). Also fronts on proposed Central CT Busway (540'). State is pushing for high density development along the busway. Also, ideal campus housing site (see attached State map). Immediate highway access (adjacent to Route 9). Lot is fairly level, mostly cleared with some woods. 352' on Cedar Street. All utilities available.
Zoned I-Industry. High probability of zone change for high density housing and/or retail. Capitol Region Council of Governments (CRCOG) is pushing for high density development along the busway. Located at Route 9 on/off ramps. Present industrial storage use brings in around $1,500/month interim income.

Sale Notes:
TOD Zone, Mixed Use, Industrial, Student Housing

This property has new life with the recently adopted TOD zone in town, many uses now allowed............LOCATION.....8.04 Acres.....The land has approximately 500 +/- LF that directly abuts the Bus Way. Possibilities are endless for TOD development with the proximity to CCSU and future development by CCSU on the adjoining land for years to come. State funding may also be available for TOD projects. The possibilities are truly endless don' t miss this opportunity.

Location Location Location... 8.04 Acres........... this property is right on the off ramp of RT 9 exit 29 and it is located right between the Cedar Street and East Street Stations with direct access to the Bus Way with its 500 +/- LF that abuts the Bus way.

Berkshire Hathaway HomeServices New England
Jeffrey Del Favero
(203) 213-2031

Jeffrey Del Favero
(203) 213-2031

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