**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.
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)
Estimated Payment
$ 2,645.79 per month $1,780.45 Principal & Interest $632.00 Property Tax $233.33 Homeowner's InsuranceColdwell BankerĀ® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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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.