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31 Parum Road, Colchester, CT 06415

Colchester
Local realty services provided by:CENTURY 21 Alliance Realty Group
31 Parum Road,Colchester, CT 06415
$750,000
  • 2.56 Acres
  • Lots / Land
  • Active
Listed by: ryan o'keeffe, joseph salzillo(203) 297-0849
Office: salzillo realty company(860) 637-1379
MLS#:24205864
Source:CT

Price summary

  • Price:$750,000

About this home

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.

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Home facts

  • Listing ID #:24205864
  • Added:1 day(s) ago
  • Updated:September 11, 2026 at 11:34 AM

Structure and exterior

  • Lot area:2.56 Acres
  • Lot Features:Corner Lot, Level Lot, Rolling, Secluded, Sloping Lot, Treed

Schools

  • High school:Per Board of Ed
  • Middle school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected, Public Water In Street
  • Sewer:Public Sewer Connected, Public Sewer In Street

Finances and disclosures

  • Price:$750,000
  • Tax amount:$3,201 (July 2025-June 2026)

Features and amenities

  • Amenities:Golf Course, Library, Park, Playground/Tot Lot
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