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15 Harvey Ave - Up to 9 acres available 1.19 Acres of Commercial Land Offered at $375,000 in Waterford, CT 06385

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Executive Summary

Vacant land available- Up to 9 acres available working over and around the floodplain of this 1-acre parcel and the adjacent 8-acre parcel. The adjacent -8-acre has a material inland wetland impact, but creative design can work around inland wetlands on the high grounds. The pricing and development potential of the lands is up to the engineering and design of both parcels. Please call/write Kenneth Labbe - Cel 860-891-8551; Email - klabbe@pyramidregroup.com.

Property Facts

Price	$375,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial
No. Lots	1	Total Lot Size	1.19 AC
Property Type	Land
Zoning	C-G - Commercial;

Price	$375,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial
Total Lot Size	1.19 AC
Zoning	C-G - Commercial;

1 Lot Available

Lot

Price	$375,000	Lot Size	1.19 AC
Price Per AC	$315,126.05

Price	$375,000
Price Per AC	$315,126.05
Lot Size	1.19 AC

The lot is located at the end of Harvey Avenue and was formerly improved with a motel project known as the Blue Cabins. This was a stopover for travelers to Ocean Beach State Park and surrounds, a classic 1950's motel. The site is level throughout.

Description

Vacant land. The subject property consists of a 1.19-acre commercial lot visible from Interstate 95 and easily accessible via a public road and cul-de-sac known as Harvey Avenue. Harvey Avenue originates at Hartford Turnpike and runs east a distance of 300+ feet to the turn-around at the cul-de-sac. The development site is located on the east and north sides of the cul-de-sac. Visibility is good from both northbound and southbound travel lanes of Interstate 95. We welcome your calls and emails to discuss the site. - Kenneth Labbe - Cell.860-891-8551, Desk Direct - 203-391-6805, Front Desk and Voicemail - 203-348-8566 Extension 805, Email - klabbe@pyramidregroup.com There are two ownerships that are completely separate or may be combined one day or not. The primary site available is owned by FW Webb as part of their 20-acre campus that extends to Harvey Avenue and to the Hartford Healthcare facility. The developable area on the west side of that land is about 2.5-acres separate by an inland wetland. On the inland wetland's east side is other uplands that may be considered. I have a theory that decking over part of the inland wetland may be permitted as long air, rain and animal life can pass under the deck. If so, the build area may be increased over the inland wetland. Otherwise, the uplands on the west side of the inland wetland work well for a freestanding site in my view. The 1.19-acre former site is not deliverable unless the owner elects to sell. The FW Webb excess lands are worth $225,000 estimated plus commission. FW Webb requests submissions offers from which they will respond. The 1.19-acre site is priced at $350,000 plus interest carry during any re-entitlement plus the commission. These are the sole sites on Harvey Avenue with a cul-de-sac at Interstate 95.