For Sale
$2,500,000

115 Casterbridge XingSimsbury, CT 06070

Simsbury, CT: 72-unit multifamily potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 7-acre parcel in Simsbury, Connecticut, presents a prime development opportunity within the established Dorset Crossing master-planned community. Approved for 72 market-rate multifamily units under a Planned Area Development zoning designation, this site offers immediate development potential. Located at the end of Casterbridge Crossing off Route 202, the property boasts a signalized entrance and convenient access. A pre-existing development road leads to the wooded site, characterized by well-drained Merrimac and Hinckley sandy loam soils. While the asking price of $2,500,000 does not include utility extension costs across Saxton Brook Bridge, all utilities are available. The site benefits from a high daily traffic count of approximately 12,000 vehicles. Its strategic location offers proximity to key amenities, including Bradley International Airport (15 minutes) and downtown Hartford (25 minutes). The success of the adjacent Pointe at Dorset Crossing, a 168-unit complex with over 95% occupancy and a history of strong sales, further underscores the site's potential. An additional 72 units are approved at the front of the complex, presenting the possibility of a total 144-unit development. This presents a compelling investment opportunity in a thriving Connecticut market.

Highlights

  • 7-acre development parcel in Simsbury, CT's Dorset Crossing.
  • Approved for 72 market-rate multifamily units under a Planned Area Development zoning designation.
  • Located off Route 202 with signalized entrance and convenient access.
  • Asking price: $2,500,000 (utility extension costs not included).
  • High daily traffic count (approx. 12,000 vehicles), near Bradley International Airport (15 min) and downtown Hartford (25 min).
  • Adjacent successful 168-unit multifamily complex with over 95% occupancy.

Property Details for 115 Casterbridge Xing

Property type
Land
Lot Size (sq. ft)
304,920 SF

Location Insight

City
Simsbury
County
Hartford
State
Connecticut
Latitude
41.908385276464
Longitude
-72.791211345562
115 Casterbridge Xing, Simsbury, Connecticut

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115 Casterbridge Xing
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