505 Old Colchester, Montville, CT 06382

$800,000
  • 505 Old Colchester, Montville, CT 06382 Main Photo

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BEDS0 BATHS SQUARE FEET7,500 MLS#24216965
STATUSActive PROPERTY TYPEResidential - Single Family

Property Description

**Exciting Development Opportunity - 505 Old Colchester Road, Montville, CT!** With a growing need for affordable housing in Montville, this property presents an exciting opportunity for investors, builders, and developers! Potential possibilities include multiple residential units or continued use as a church. Additional development opportunities may exist utilizing the driveway and expansive parking area, which offers over 90 parking spaces. There may also be an opportunity to utilize town water while retaining the existing septic system. Conveniently located within driving distance of beautiful Connecticut shoreline beaches, the Block Island Ferry, and Mohegan Sun Resort & Casino, offering easy access to coastal attractions, entertainment, dining, and recreation. Whether you're looking to develop affordable housing, create a multifamily investment, or establish a place of worship, this unique property offers tremendous potential! All proposed uses and development possibilities are subject to zoning, feasibility, and necessary approvals. Buyer to perform their own due diligence regarding permitted uses, unit count, utilities, and development potential. An engineer will be needed to assess the number of units that may be possible.

505 Old Colchester | MLS# 24216965

This single family home located at 505 Old Colchester, Montville, CT 06382 is currently listed for sale with an asking price of $800,000. This property was built in 1963 and with 7500 sq. ft. Search Montville real estate on www.coldwellbankerchoice.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Fuel Type: Natural Gas
Heating: Hot Air
Home Style: Ranch
Lot Size: 2.56 Acres
Roof Type: Asphalt Shingle
Taxes: $7,584
Year Built: 1963

Feature Descriptions

Appliances: None
Days on Site: 9
Exterior: Vinyl Siding
Lot: Level Lot, Cleared, Open Lot
Parking Spaces: 90
Sewer: Septic
Water: Public Water Connected
Waterfront: Not Applicable

Local Schools

High School: Per Board of Ed
Elementary School: Per Board of Ed

Listed By / Shown By

Listing By

Agency Name: William Raveis Real Estate
Agent Name: Ariel R. Tortora
Agency Phone: (203) 4530391

Shown By

Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)

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Estimated Payment

$ 2,645.79 per month $1,780.45 Principal & Interest $632.00 Property Tax $233.33 Homeowner's Insurance

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