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$725,000
Est. payment /mo
27.27 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24195363
Annual Tax Amount $3,122
Lot Size 27.270 Acres
Property Sub-Type Residential Land
Property Description
Exceptional Residential Development Opportunity - 27.27 Acres | Monahan Drive, Montville, CT Rare opportunity to acquire 27.27 acres of prime residential development land in the growing community of Montville, Connecticut. This outstanding property has the groundwork already in place, with subdivision engineering and surveying completed for approximately 40 residential building lots, allowing developers and builders to accelerate the development process. Ideally situated with convenient access to Interstate 395, Routes 32 and 2A, the property is strategically located near Southeastern Connecticut's largest employment centers. Just minutes away are General Dynamics Electric Boat in Groton, a major employer supporting the U.S. Navy's submarine program, and Pfizer, home to one of the region's premier pharmaceutical research and development facilities. Additional nearby economic drivers include Mohegan Sun, Foxwoods Resort Casino, the U.S. Naval Submarine Base New London, Lawrence + Memorial Hospital, and Yale New Haven Health facilities serving the region. Continued employment growth throughout Southeastern Connecticut has created strong demand for new housing, making this an ideal investment opportunity. Whether you're a regional or national builder looking for your next subdivision, or a developer seeking a shovel-ready project in a high-demand market, this property offers tremendous upside with significant pre-development work already completed.
Location
State CT
County New London
Zoning R40
Exterior
Utilities Available Cable Available, Electric Available, Gas Available
Waterfront Description Not Applicable
Building
Lot Description Lightly Wooded, Level Lot
Sewer Public Sewer In Street
Water Private Well
Schools
Elementary Schools Per Board Of Ed
High Schools Montville
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Listed by Santo Gulino • William Raveis Real Estate
Nearby School & Business
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