24 Watson rd - Commercial LAND FOR SALE


Preston, CT 06365 1,829,520 SF
$6,250,000 USD
212-430-5100
24 Watson rd, Preston, CT for Sale
$6,250,000 USD
Commercial LAND - FOR SALE
1/6
1,829,520 SF

24 Watson rd
Preston, CT 06365


HIGHLIGHTS

  • ? Across From Foxwood Casino & Resort
  • ? Foxwood has over 3,200 employees
  • ? Estimated Over 15 Million Visitors to Foxwood Annually (40,000± Each Day)

OVERVIEW

Henri Kessler, Eric Anton with The Anton Group & Matthew Peters of The Peters Team at Marcus & Millichap are pleased to present the exclusive listing located at 24 Watson Road, in Preston, Connecticut. The offering consists of 42.5 Acres of land that sits directly across from Foxwood Casino and Resort. The annual taxes of($4,294) make this opportunity extremely favorable to be able to either land bank or hold, while pushing for approvals or variances. Developers are projecting to build approximately 275 single family residences, each offering 1,000 square feet. This would not only service local communities, but also the 3,500 employees at Foxwood Casino & resort as well as the 15 Million visitors annually. There's also the potential to work with the local municipality on achieving a variance, where they are know to be favorable towards new opportunities. Proof of a Hotel concept is located directly across the street.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/ACRE

$148,810/AC

PRICE/SF

$3 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Residential Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units, Single Family Development

LAND ACRES

42 AC

LAND SF

1,829,520 SF

OFFSITE IMPROVEMENTS

Sewer

ZONING

R-60

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Henri KesslerMarcus & MillichapMore Info
212-430-5100

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Henri KesslerMarcus & MillichapMore Info
212-430-5100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.