58A Old Amity Road

Highlights

• 22 units
• Built in 2018
• Zoned R-130
• Bank-owned property
• Approvals for 8 additional units
• Clubhouse and pump house included
• 7 wells and septic systems

Description

Presenting a rare investment opportunity in Bethany, CT. This R-130 zoned, bank-owned property includes 22 completed townhomes, with approvals in place for three additional homes and the potential to develop three more on the approved clubhouse site. Additionally, the property holds approvals for eight more units, offering strong upside potential.

With infrastructure already in place, this development is primed for expansion. Investors will appreciate the flexibility to operate the property as a multifamily rental community or convert it into a condominium complex with an established association.

Whether you're seeking long-term rental income or a for-sale condo strategy, 58A Old Amity Rd presents a ready-to-go opportunity for growth and profitability.

Prime Location for Residential Development – Bethany, CT Located in New Haven County, Bethany offers a rare blend of rural character and accessibility. Just a short drive to downtown New Haven, Yale University, and major employment centers, the area appeals to homebuyers seeking a peaceful setting without sacrificing convenience. The site benefits from proximity to Route 63, Route 69, and I-84, providing seamless access to the broader New Haven, Waterbury, and Hartford markets. Bethany’s low-density zoning, strong community reputation, and access to nearby amenities make it an ideal setting for a high-quality residential development.

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