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550 Berlin Tpke Berlin Ct Berlin, CT 06037

106 Units, ±8 Acres, Development Approved

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional ±8-acre development site, located at 550 Berlin Turnpike in Berlin, Connecticut, presents a unique investment opportunity. The property is zoned for development and boasts pre-approved plans for the construction of a three-building apartment complex, totaling 106 residential units. Situated in the desirable Berlin Turnpike Development Zone, this prime location offers excellent visibility and accessibility. The expansive lot size provides ample space for the proposed buildings and potential future expansion. Detailed plans for the 106-unit complex are readily available, streamlining the development process and minimizing potential delays. This turnkey project offers a significant advantage for investors seeking a high-return multifamily development opportunity in a thriving Connecticut market. The property's strategic location along the Berlin Turnpike ensures convenient access to major transportation routes, local amenities, and a strong residential population. With all necessary approvals in place, this is a rare chance to capitalize on a fully permitted project, ready for immediate development. The existing zoning and approved plans significantly reduce the time and cost associated with obtaining permits and approvals, making this a highly attractive investment proposition. The 06037 zip code offers a strong rental market, promising high occupancy rates and consistent rental income. This is an exceptional opportunity to acquire a substantial multifamily development project in a prime location.

Highlights

  • ±8-acre development site in Berlin, CT.
  • Located in the Berlin Turnpike Development Zone.
  • Pre-approved plans for a 106-unit multifamily complex.

Property Details for 550 Berlin Tpke Berlin Ct

Property type
Apartment buildings
Lot Size (sq. ft)
348,480 SF
Units
106

Location Insight

City
Berlin
County
Hartford
State
Connecticut
Latitude
41.6349852
Longitude
-72.7375164

FAQs

What type of property is this?
Apartment building - 106 Units, ±8 Acres, Development Approved
Where is the apartment building located?
The property is located at 550 Berlin Tpke Berlin Ct Berlin, CT.
What are key features of this property?
This property features: ±8-acre development site in Berlin, CT.; Located in the Berlin Turnpike Development Zone.; Pre-approved plans for a 106-unit multifamily complex.
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550 Berlin Tpke Berlin Ct
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