115 Casterbridge XingSimsbury, CT 06070

Property Details for 115 Casterbridge Xing

Lot size

7.00 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 7-acre parcel in Simsbury, Connecticut, presents a prime development opportunity within the established Dorset Crossing master-planned community. Approved for 72 market-rate multifamily units under a Planned Area Development zoning designation, this site offers immediate development potential. Located at the end of Casterbridge Crossing off Route 202, the property boasts a signalized entrance and convenient access. A pre-existing development road leads to the wooded site, characterized by well-drained Merrimac and Hinckley sandy loam soils. While the asking price of $2,500,000 does not include utility extension costs across Saxton Brook Bridge, all utilities are available. The site benefits from a high daily traffic count of approximately 12,000 vehicles. Its strategic location offers proximity to key amenities, including Bradley International Airport (15 minutes) and downtown Hartford (25 minutes). The success of the adjacent Pointe at Dorset Crossing, a 168-unit complex with over 95% occupancy and a history of strong sales, further underscores the site's potential. An additional 72 units are approved at the front of the complex, presenting the possibility of a total 144-unit development. This presents a compelling investment opportunity in a thriving Connecticut market.

Location Insight

City

Simsbury

County

Hartford

State

Connecticut

Latitude

41.9084

Longitude

-72.7912

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