64 Avonwood Road

Avon, CT 06001 Directions
$12,000,000
  • 8/1Baths
  • 29.39Acres
  • 2024Built

Property Highlights

  • Days on Market: 161
  • MLS: 24037298

Property Highlights

  • Days on Market: 161
  • MLS: 24037298

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...

Property Highlights

  • Days on Market: 161
  • MLS: 24037298

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).

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).

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  • Additional Information
    • Area Type: Suburban
    • Average Days On Market: 160
    • Days On Market: 161
    • Is Occupied?: Vacant
    • Living Area SqFt: 222,856
    • Property Tax: $588,307
    • Road Frontage Description: Municipal Street
    • Sewer: Public Sewer In Street
    • Status: Active
    • Tax Amount: $588,307
    • Tax Year: July 2024-June 2025
    • Type: Commercial For Sale
    • Utilities Available: Electric Available, Gas Available, Cable Available
    • Year Built: 2024
    • Zoning: RU2A
  • Interior/Exterior Features
    • Air Conditioning: Central Air
    • Cooling: Central Air
    • Full Baths: 8
    • Furnace Type: Natural Gas
    • Half Baths: 1
    • Heat: Natural Gas
    • Heat Fuel: Natural Gas
    • Living SqFt Source: Approximate
    • Roof: Asphalt Shingle
    • Total Baths: 9
William Pitt / Julia B. Fee Sotheby's International Realty

Hartford County Regional Brokerage

45 East Main Street
Avon, CT 06001

Listing Courtesy of Beth Diloreto of Berkshire Hathaway NE Prop.

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