142 2 AveNorwich, CT 06380
- Land
- 8.23 AC
Property Details for 142 2 Ave
- Lot size
- 8.23 AC
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional 8.23-acre development opportunity in Norwich, Connecticut, presents a compelling investment prospect. The property, located at 142 S 2nd Ave, is zoned MF and pre-approved for the construction of a 76-unit multifamily residential complex. This prime location offers convenient access to Route 12, and the site boasts an easement to Maennerchor Ave, providing multiple access points. Public water, sewer, and gas services are readily available on the street, simplifying infrastructure connections. Detailed surveyor maps are available for review. The property comprises three lots totaling 8.23 acres, situated at the end of a quiet cul-de-sac, offering a peaceful setting for future residents. The asking price for this significant development opportunity is $495,000. The property's location is easily accessible via I-395, Exit 18, following clear directions to South 2nd Ave. This is an ideal opportunity for developers seeking to capitalize on the growing demand for multifamily housing in a desirable Connecticut location. The presence of a nearby new luxury condominium/apartment complex further underscores the area's strong real estate market.
Location Insight
- City
- Norwich
- County
- New London
- State
- Connecticut
- Latitude
- 41.5654
- Longitude
- -72.0478
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