64 Avonwood Road Active

Avon,CT 06001

$ 12000000

0 Bed

9 Baths

222856 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 222,856 sqft

Price per Sqft $53

MLS Listing ID 24037298

Full Baths 8

Half Baths 1

Year Built 2024

Annual Tax Amount $588,307

Lot Size 29.390 Acres

Property Description

Rare development opportunity in Avon! This exceptional opportunity includes approved plans for a 250 unit expansion to an existing 189 unit property. The development includes two, four-story buildings totaling 196 units, featuring (122) One-Bedroom, (30) Two-Bedroom/One Bathroom, (32) Two-Bedroom/Two Bathroom, and (12) Three-Bedroom/Two Bathroom residences. Additionally, the expansion introduces townhome-style units: (14) One Bedroom/One Bathroom, (14) Two Bedroom/One Bathroom, and (26) Three Bedroom/2.5 Bathroom units providing residents with a variety of housing options tailored to modern lifestyles. Enhanced amenities will feature a new pool and clubhouse, expansive patio and pavilion, basketball courts, picnic areas, grilling stations, walking trails, and ample outdoor parking for residents and guests. 20% of these units will meet Affordable Housing requirements and the enhancement will result in ~$75/mth rent increase for current tenants due to amenity upgrade. The current owner/team is open to staying on to manage and execute this expansion project. Can be sold with existing property (MLS #24037027).

Location

State CT

County Hartford

Zoning RU2A

Interior

Heating Hot Air,Zoned

Cooling Central Air

Exterior

Utilities Available Electric Available,Gas Available,Cable Available

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Sewer Public Sewer In Street

Water Public Water In Street

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