Heatherwood

Eastwood - Padanaram Road Danbury, CT 06811

Eastwood - Padanaram Road, Danbury, CT, 06811
Eastwood - Padanaram Road, Danbury, CT, 06811 Eastwood - Padanaram Road, Danbury, CT, 06811 Eastwood - Padanaram Road, Danbury, CT, 06811 Eastwood - Padanaram Road, Danbury, CT, 06811
FOR SALE
Property Type:
Residential Land Development
Amount:
$1,590,000
Last Verified:
Apr 25, 2024

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Highlights

  • Fully approved development with valid permit until 2036
  • Detailed site plans for stream-lined construction process
  • Water and sewer would come from the street/High School
  • Proximity to schools for potential family-oriented development
  • Easy access off I-84 at Exit 6 for convenient commuting
  • Quick commute to New York for potential residents

Description

The lot begins at the dead end of Eastwood Road. It is an expansive 74.15-acre parcel that is primed for development, boasting approval for 37 single-family units. Each residence offers ample space with a footprint of approximately 1,232 square feet, totaling an impressive 2,464 square feet per unit. Situated in a highly desirable location, this property comes with pre-approved plans from the town, ensuring a smooth development process. At an attractive price of just $42,973 per lot, this opportunity presents remarkable potential for significant returns on investment.

Nestled in Danbury, CT, the property's location offers a mix of city living and natural beauty. Main Street, just moments away, provides diverse dining, shopping, and entertainment options. Nearby, Tarrywile Park and Mansion offer a serene escape, while Candlewood Lake provides abundant opportunities for leisure and recreation. This area's blend of urban vibrancy and scenic landscapes makes it a compelling choice for land and residential investors seeking an idyllic location with diverse lifestyle amenities. The lot is also walkable to Danbury High School and is located in a residential neighborhood/cul de sac.

Lot Size: 74.15 acres


Documents

Brochure (P)

Map of Eastwood - Padanaram Road, Danbury, CT, 06811

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.