For Sale
$699,000

61 Deerwood DrKillingly, CT 06239

51-Unit 55+ Housing Development, CT

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 84.5-acre land parcel in Killingly, Connecticut (APN 138-12, 61 Deerwood Dr, 06239), presents a unique opportunity to develop 51 fully approved 55+ senior housing units. The property is zoned L D and is part of the established Briarwood Falls community, boasting an existing 4,000 square foot clubhouse. Phases III & IV of this project are ready for immediate development, with all utilities in place and complete site plans available, including architectural drawings for 1,250, 1,450, and 1,600 square foot unit designs. The estimated cost for road and utility infrastructure is $1,795,000, resulting in an estimated cost per lot of $48,901. This development benefits from its convenient location, minutes from Killingly Center and Killingly Commons, and within a half-hour's drive of area casinos. The strong market demand is evidenced by the sale of the last two units in 2021 for $370,000 and $385,000, respectively. A total of 92 units have already been sold within the Briarwood Falls community between 2006 and 2018. This is an outstanding investment opportunity for developers seeking to capitalize on the growing demand for senior housing in a desirable location. The asking price for this prime development land is $699,000.

Highlights

  • 51 approved 55+ senior housing units to be built.
  • 92 units previously sold (2006-2018) within the community.
  • Convenient location near Killingly Center.
  • Existing 4,000 sq ft clubhouse.
  • Unit designs: 1,250 sq ft, 1,450 sq ft, and 1,600 sq ft.
  • $1,795,000 estimated cost for road and utility infrastructure.

Property Details for 61 Deerwood Dr

Property type
Land
Lot Size (sq. ft)
3,680,820 SF

Location Insight

City
Killingly
County
Windham
State
Connecticut
Latitude
41.831891
Longitude
-71.866666
61 Deerwood Dr, Killingly, Connecticut

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
61 Deerwood Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message