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    130 Casterbridge Crossing

    Simsbury, CT 06070
    • $1,650,000
    • STATUS: Active
    • ON SITE: 688 days
    • MLS #: 170182243
    UPDATED: 34 min ago
    $1,650,000
    • 0
      BEDS
    • 7
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    N/A
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Information

    Elementary School:
    High School:

    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.

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    © 2021 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sunset Creek Realty. Data last updated: 2021-02-26T22:09:53.507.
    www.sunsetcreekrealty.com/homes/93543000
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    130 Casterbridge Crossing Simsbury, CT 06070

    • Price: $1,650,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 170182243
    0
    Beds
    0
    Baths
    0
    ½ Baths
    7
    Acres
    Neighborhood:
    N/A
    County:
    Hartford
    Area:
    Simsbury
    Elementary School:
    per board of ed
    High School:
    Simsbury
    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.
    Exterior Features

    Lot Description May Be SubdividableAdditional Land Avail.Lightly WoodedRolling Road Frontage Approximate 650 Road Frontage Description Paved Road Waterfront Description Brook

    Property Features

    Bank Owned Property Yn No Direct Waterfront Yn No Documents Available Plot Plan/Survey Hoa Yn No Location Other Lots Number Of 2 Possession Availability Negotiable Potential Short Sale Yn Undeclared Property Sub Type Residential Land Property Tax 9916 Septic Approval Yn No Septic Plan Available Yn No Sewage System Public Sewer In Street Sign Yn Yes Utilities Available Electric AvailableGas AvailablePhone AvailableCable Available Water Source Public Water In Street Zoning Pad

    Listing information © 2021 Smart MLS
    Listing provided courtesy of Gregory Walwer of Academic Co-Realty Services.


    © 2021 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sunset Creek Realty. Data last updated: 2021-02-26T22:09:53.507.
     
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    Sunset Creek Realty
    1100 Boston Post Road
    Guilford CT, 06437