31 Parum Road, Colchester, CT 06415 (MLS # 24205864)

Price $750,000
Status Active
Beds 0
Baths 0 Bath
Home size n/a
Lot Size 2.56 ac
Days on Market 44
Rare fully entitled, shovel-ready development opportunity in Colchester, CT. 31 Parum Road is a 2.56-acre site (111,439 SF) with Planning & Zoning approval for a 30-unit multifamily building under C.G.S. 8-30g. Base suburban zoning permits only 10 units - the approved affordable housing set-aside is what unlocks the additional 20 units, creating significant embedded value. Approvals, architecture, civil, MEP, survey, and geotech all convey with the sale. Public water and sewer are already in the road. 444.7 ft of frontage on Route 354. Unit mix of 18 one-bedroom and 12 two-bedroom units across a 3-story building with walk-out lower level, 25,202 SF net rentable. Site sits near the Route 2/Route 11 interchange, minutes to shopping and under 30 minutes to Hartford. Offered at $750,000 ($25,000 per approved unit) - priced below comparable approved sites in the region. Full Offering Memorandum available upon request. The complete document package - approvals and notice of decision, the 88-sheet architectural set, civil engineering and site plans, MEP drawings, survey, geotechnical report, wetlands delineation, Affordability Plan, and the full financial model - is available upon execution of a confidentiality agreement.
Property Type(s): Lot/Land/Acreage
Last Updated 9/9/2026 Year Built 0
County New London

SCHOOLS

Elementary School Per Board of Ed
Jr. High School Per Board of Ed
High School Per Board of Ed

Additional Details

LOT 2.56 acre(s)
LOT DESCRIPTION Corner Lot, Level, Rolling Slope, Sloped, Wooded
SEWER Public Sewer
TAXES 3201
WATER Public
ZONING SU

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Scott Bayne to contact you even if your name is on a Federal or State "Do not call List".
Listing courtesy of Salzillo Realty Company
Copyright Smart MLS. All rights reserved. Information is deemed reliable but not guaranteed to be accurate.

This IDX solution is (c) Diverse Solutions 2026.

Email a Friend