Multifamily - Residential Development Opportunity

Investment Overview

Size & Zoning: 17.29 Acres - R-30 Zone + RT Transition Zone Overlay Unit Density: 8 units Per Acre Infrastructure: Public Water - Public Sewer - High Speed Internet - Schools Site Access: Corner of Echo Lake Road & Buckingham Street [ Ct Rte 262] Market Opportunity: Limited Multifamily Development / Together with Statewide Demand Assisted Living Facility Site Plan Approval for Phase I - 21 Units - Per Site Plan Owner to Procure Site Plan Approval for Multifamily Dwelling in Accordance with Zone Regulations as a Condition of Sale Highway Access: Site is situated approximately 1.5 mile to Ct Rte 8 Average Daily Traffic - Echo Lake Rd= 5600 Intersection Echo Lake & Rte 262 = 9500

Area Overview

Watertown Ct Litchfield County - Intersection of Echo Lake Road and Buckingham Road [ Ct Rte 262] Ready Access to Rte 8 and Town Center.

Highlights

Rare Opportunity to acquire and develop 17.29 Acres of land situated at intersection of Echo Lake Road and Buckingham Street [ Rte 262] in Watertown Ct Property is situated in an R-30 Zone District augmented by application of Residential / Office Transition Overlay Zone { Section 4.4 Watertown Zoning Regulation] Overlay Zone permits Multifamily Dwellings with density not to exceed 8 units Per Acres { Sec. 4.4 D. 4 WZR]