55 Kondracki Ln Wallingford, CT 06492

This exceptional 11.5-acre property in Wallingford, CT, presents a unique investment opportunity. The existing 504,860 square foot, two-story building, constructed in 1984, has been completely gutted and remediated, making it "shovel ready" for redevelopment. All necessary building approvals are in place, and architectural designs are available. The property is zoned Residence District - 18 (R18) and approved for 72 market-rate rental apartments or condominium units. The 5,000 square foot lower level offers additional potential for amenities such as a community space, fitness center, or self-storage units. An additional 2 acres of street-side land could accommodate up to 28 affordable housing units under 830G requirements. The property's location offers convenient access to I-91 (1/2 mile) and the Wilbur Cross Parkway (approximately 1 mile), with nearby rail service providing commuting options to New York City. Wallingford's strong demand for housing, coupled with available state and federal programs and tax incentives, makes this a compelling investment prospect for both for-profit and non-profit developers. The property boasts a steel frame, concrete floors, and a brick façade, situated in a quiet, park-like setting away from major roadways. The substantial remaining land offers further development potential for a creative developer.