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32267879
32267878

58 Old Amity Rd, Bethany, CT 06524 For Sale

PS
CT CTNY, NY NYCT
Scalzo Commercial & New Development
DR
CT 0766383
Scalzo Commercial & New Development
Listed by Scalzo Commercial & New Development
$5,500,000
77 days on market
Updated 54 days ago

58 Old Amity Road

Details
Property Type Multifamily
Sub Type Apartment Building
Units 22
Tenancy Multi
Class C
Year Built 2018
Stories 2
Lot Size (SqFt) 290,665
Zoning R-130
Investment Type Value Add

Multifamily | 22 Units

Marketing description

REDUCED. 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.

Listing Contacts

PS
CT CTNY, NY NYCT
Scalzo Commercial & New Development
DR
CT 0766383
Scalzo Commercial & New Development
Listed by Scalzo Commercial & New Development

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Additional Information

Name
Paul Scalzo Sr.
License
CTNY
Brokerage Phone
2037338042
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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