239 Norwich Avenue, Colchester, CT
16.3-Acre Site for Multifamily or Retail Development in Growing Colchester, CT Market
Marketing description
239 Norwich Avenue presents a unique opportunity to acquire a ±16.3-acre development site located at 239 Norwich Avenue in Colchester, Connecticut—a rapidly growing market in southeastern Connecticut with strong demand for both housing and retail services. With over 400 feet of frontage along Norwich Avenue (Route 616) and immediate access to Route 2, the site is ideally positioned for a multifamily, retail, or mixed-use development. Public utilities are available at the street, and the parcel features a mix of cleared and wooded terrain with gently sloping topography. Zoned for flexible development, the site supports a variety of configurations including garden-style apartments, townhomes, or a neighborhood retail center with potential for grocery, pharmacy, or service tenants. Colchester's strong demographics, including a median household income above $90,000 and proximity to major employers in Hartford, Norwich, and New London, further enhance the site's long-term viability. This is a rare opportunity to deliver a high-impact project in a community experiencing steady growth and limited new supply.
Investment highlights
Strategic Location with Exceptional Access: ±16.3-acre site with ±400' frontage on Norwich Avenue and direct access to Route 2, connecting Hartford to the shoreline corridor.
Zoned for Flexible Development: Favorable zoning supports multifamily, retail, or mixed-use configurations with minimal entitlement risk in a business-friendly municipality.
Multifamily Demand Outpacing Supply: Underserved rental market with potential for ±180–220 units targeting workforce, active adult, or market-rate tenants.
Retail Synergy & Visibility: High-visibility location for grocery, QSR, or service retail with strong local traffic (±11,000 VPD) and limited competition.
Utilities at the Street: Public water and sewer available, reducing upfront infrastructure costs and accelerating development timelines.
Strong Area Demographics: Affluent local population (median household income $90K+) and proximity to major regional employers including Electric Boat, Backus Hospital, and Mohegan Sun.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
