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000 River Road, Willington, CT 06279
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$699,900
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Home Details for 000 River Road
Price
$699,900
Type
Lots/Land
Sq. Ft.
1872
Lot Size
85.98
County
Tolland
Tax
$49
MLS®️ Listing#
24049906
On exitrealty.com
330 days
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
- Waterfront and Water Access
- Brook
- Water Features
- Well Required
- Utilities
- Cable Available
Listing Courtesy: Northeast Realty - 860-684-4455. Presented by: Dennis J. Duga
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