EXIT Realty, A Smart Move!™
Search Properties
Find an Agent/Office
130 Casterbridge Crossing, Simsbury, CT 06070

Share Listing

Listing Type
lots/land
Listing Status
under contract
1
Overview
Features
Commute
Transportation
Market Statistics
Neighborhood
Similar Homes
Similar Home Values
$1,650,000

Share Listing

Home Details for 130 Casterbridge Crossing
Price
$1,650,000
Type
lots/land
Lot Size
7.0000
County
Hartford
Tax
$10,327
MLS®️ Listing#
170182243
On exitrealty.com
1395 days
Property Description
Seven acres of the Dorset Crossing master planned complex is available and already approved for 72 units of multi-family development. The site lies at the end of Casterbridge Crossing off Route 202, where there is a signalized entrance into the complex. A development road already leads to the wooded site across a stream, dominated by very well drained Merrimac and Hinckley sandy loam soils. Pricing for the subject parcel assumes conservatively high 7.5% cap rate for new construction and conservatively high 40% expense ratio, with an ask price of less than $23,000 per unit. The Pointe at Dorset Crossing is an adjacent complex of 168 units built several years ago, and is more than 95% occupied. The Pointe sold recently for $36.5M, with a low implied cap rate of 5.3%. Daily traffic count is about 27,000, and all utilities are available. The site is just 15 minutes from Bradley International Airport, and 25 minutes from downtown Hartford.
Property Features
Listing courtesy: Academic Co-Realty Services - (203) 458-0550. Presented by: Gregory Walwer
Neighborhood Market Statistics

See average values in the proximity of this property

Median Listing Price
Median Days on EXIT Realty®
Median Square Feet
Market statistics compiled from data from SmartMLS.
Neighborhood Homes

See several properties nearby 130 Casterbridge Crossing, Simsbury, CT 06070

Similar Nearby Homes for Sale

See properties nearby this listing

Similar Nearby Home Values

Compare the values ​​of homes nearby

$1,650,000

Share Listing