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$ 239,000
Est. payment /mo
Active
259 Ference Road Ashford, CT 06278
2 Baths
3,243 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,243 sqft
Price per Sqft $73
MLS Listing ID 24188439
Full Baths 2
Year Built 1945
Annual Tax Amount $6,262
Lot Size 3.520 Acres
Property Description
Rare value-add and redevelopment opportunity situated on 3.5 acres with over 3,200 square feet of existing space. Currently configured as a mixed-use commercial property, this expansive parcel offers outstanding potential for residential conversion, multifamily redevelopment, mixed-use investment, expansion, or additional development, subject to buyer due-diligence and all required approvals. *Property recently has been fully cleaned out* Engineering plans/evaluation, septic design plans, and soil testing have already been completed to evaluate the feasibility of residential conversion, providing a valuable head start for future development. No municipal approvals have been obtained. Ideally located on Route 89 with excellent visibility and convenient access to the University of Connecticut, this property offers exceptional potential for investors, developers, contractors, and owner-users seeking a long-term value-add opportunity. Recent Connecticut housing legislation encouraging additional housing development may further enhance the property's future potential, subject to applicable laws, zoning requirements, and municipal approvals. Property is being sold strictly as-is. Buyer is responsible for verifying all zoning, permitted uses, engineering, approvals, subdivision potential, and development opportunities.
Location
State CT
County Windham
Zoning C
Interior
Heating Hot Air
Cooling None
Exterior
Utilities Available Electric
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Septic
Water Private Well
Listed by Michelle Gutierrez • Social & Co Realty
NEARBY SCHOOL & BUSINESS