Sprague -High Street

245 High Street Sprague, CT 06330

245 High Street, Sprague, CT, 06330
245 High Street, Sprague, CT, 06330 245 High Street, Sprague, CT, 06330 245 High Street, Sprague, CT, 06330 245 High Street, Sprague, CT, 06330
FOR SALE
Property Type:
Residential Land Development
Amount:
$180,000
Last Verified:
Aug 30, 2024

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Highlights

  • - Zoned R80 for versatile residential development opportunities
  • - Expansive land parcel offering ample space for a variety of projects
  • - Prime location in the thriving Eastern Connecticut area
  • - Potential for creating a distinctive residential community
  • - Ideal canvas for realizing your residential investment vision
  • - Near City Water and Sewer

Description

Discover an exceptional opportunity for residential investment with this prime property at 245 High Street, Sprague, CT. Boasting R80 zoning, the expansive land parcel offers limitless potential for development in the thriving Eastern Connecticut region. This sought-after location presents a promising canvas for creating a distinctive residential community, allowing investors to transform their vision into reality. Embrace the chance to capitalize on the property's prime zoning and desirable Eastern Connecticut setting, setting the stage for a successful residential venture. With its strategic positioning and R80 zoning and near city water/sewer this property stands as a valuable prospect for astute residential investors.

Explore the dynamic Eastern Connecticut market surrounding this prime office building location in Sprague, CT. Envision your investment in an area that offers easy access to major transportation routes, positioning your business for success. The location's close proximity to prominent economic hubs and a thriving business community presents an enticing opportunity for office investors. Nearby, the charming historic downtown district and popular dining establishments enhance the area's appeal, providing a desirable environment for professionals and organizations. Seize the potential for growth and prosperity in Eastern Connecticut with this strategically positioned property.

Lot Size: 25.5 acres

Map of 245 High Street, Sprague, CT, 06330

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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.