$ 12,000,000
64 Avonwood Road Avon, CT 06001
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$ 12,000,000
Est. payment /mo
Active
64 Avonwood Road Avon, CT 06001
9 Baths
222,856 SqFt
UPDATED:
10/02/2024 10:02 AM
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
Listed by Lisa Cozzi • Berkshire Hathaway NE Prop.