124 Halls Hill Rd

Situated just outside of downtown Colchester, 124 Halls Hill Road offers residents’ convenient access to local amenities from restaurants to grocery stores. For families, the property is ideally located within proximity to Colchester Elementary School, Jack Jackter Intermediate School, William J Johnston Middle School, & Bacon Academy. Commuters will appreciate the proximity to route 2, ensuing an easy commute to the major employment centers of Hartford & Norwich. Residents of Colchester can also enjoy multiple town parks and recreational facilities.Northeast Private Client Group is pleased to exclusively present for sale 124 Halls Hill Road, a 30-unit multifamily development opportunity in Colchester, CT. This 7-acre site, with 188 +/- feet of frontage on Halls Hill Road, comes with the significant advantage of full municipal approvals (PZC-2024-011). The approved plans feature 24 townhouse style 2B/1.5B + Den style units and 6 handicap accessible 2-bedroom 2-bathroom units. Three units (10%) are reserved for affordable housing. Per land development (zoning) regulations through the Town of Colchester, for a period of not less than forty (40) years from the date of initial occupation, this Affordable Housing Unit shall be rented at, or below price(s) which will preserve this unit as housing for which persons and families pay thirty per cent (30%) or less of their annual income, where such income is less than or equal to eighty per cent (80%) of the Connecticut Statewide Median Income as published by the U.S. Department of Housing and Urban Development. Per Federal Reserve Economic Data, the 2023 Connecticut Median Household Income is $92,240. All interested and qualified parties will have the opportunity to obtain additional information and walk the premises upon request.