Northridge Multifamily Development

9 Northridge Drive Windham, CT 06256

9 Northridge Drive, Windham, CT, 06256
9 Northridge Drive, Windham, CT, 06256 9 Northridge Drive, Windham, CT, 06256 9 Northridge Drive, Windham, CT, 06256 9 Northridge Drive, Windham, CT, 06256 9 Northridge Drive, Windham, CT, 06256 9 Northridge Drive, Windham, CT, 06256 9 Northridge Drive, Windham, CT, 06256 9 Northridge Drive, Windham, CT, 06256 9 Northridge Drive, Windham, CT, 06256 9 Northridge Drive, Windham, CT, 06256 9 Northridge Drive, Windham, CT, 06256
FOR SALE
Property Type:
Multifamily Land
Amount:
$1,700,000
Last Verified:
Sep 07, 2024

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Highlights

  • Fully Approved 136 Multifamily Market Rate Development Project
  • Easy Access to Eastern Connecticut University and University of Connecticut
  • Located on Busy Route 6 Between Willimantic, Storrs, Mansfield between Hartford and Providence
  • Near Commercial Power Center with Super Walmart, Home Depot and Wendy's
  • 23 acre site located near The Airline Trail Conservation area with Walking Trails
  • Large need in the area for Student Housing for (2) Universities

Description

23 acre site special permitted for 136 Multifamily market rate apartments with 68 units 2 bedroom /68 units 1 bedroom. Surface Parking ratio of 1.5 spaces per unit.

Well located in the heart of Windham, this property sets in a town of over 25,000 residents. Neighboring Willimantic is home to Eastern Connecticut State University, which enrolls over 5,000 students. Neighboring Town Mansfield home of UConn campus home of over 19,000 students. Historically, the villages that make up Windham have been very prosperous in industrial and commercial success. Today, Windham/Willimantic is in the midst of a renaissance. The Windhams, particularly, North Windham is finding a surge in development, while at the same time, the city within the Town, Willimantic, is evolving daily.

Lot Size: 23.0 acres


Documents

Brochure

Map of 9 Northridge Drive, Windham, CT, 06256

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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.