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Property Description
Developer wanted! 85.98 acres with 2,313′ of road frontage is 30 seconds from I-84 exit 70. 4% interest construction loans available to developers, numerous programs sponsored by the state to address CT’s affordable housing crisis, defined as at least 20% affordable & 50% moderate income level units, including state subsidized & non-subsidized units, senior 55+ and assisted living units. Public act 87-441 provides grants, loans & deferred loans for acquiring land. CHFA tax credits to developers up to $10 million annually. Per 2024 law affordable rental units to be assessed/taxed based on net rental income, not market value. Besides frontage for lots, the land has a nearly level area 250′ x 600′ parallel to RT 32. Willington’s only senior housing facility, Willington Woods, is a 32 unit 70′ x 200′ building. Land abuts trout stocked Roaring Brook, diagonal across from town park with fields, pavilion & paved level walking trail. Google says 23 min to Hartford, 13 min to Rockville Hospital
Address
US
CT
Tolland
Willington
River Rd
XOXO
06279
Other Details
0
: Walk/jog Trails, Conservation Area, Park, Public School, Highway Access, University, Stable(s)
: At Street
85.98
: Residential
: Private Sewer
: R80
0
Land For Sale
XOXO River Rd, Willington, Connecticut 06279
0 Bedrooms
0 Bathrooms
$699,900
Property Details
Property Type : Land
Listing Type : For Sale
Price : $699,900
Bedrooms : 0
Bathrooms : 0
Year Built : 0
Status : Active