LOT SIZE 4.250 acres
MLS#24177764
STATUSActive
PROPERTY TYPELand - Residential
Property Description
Rare opportunity to acquire a potential residential development site located within a Qualified Opportunity Zone in Putnam. Previously approved subdivision plans in 2008 along with updated conceptual plans completed in 2022 provide valuable groundwork for future development. The property was designed for a proposed 12-unit subdivision with city water and sewer available, offering excellent future upside for builders, developers, and investors seeking long-term investment potential in northeastern Connecticut. Public utilities already available to the site provide a significant advantage while supporting continued housing demand in the area. Conveniently located near downtown Putnam, shopping, restaurants, schools, and I-395, the property combines location convenience with strong residential development potential. Opportunity Zone designation may provide potential tax advantages to qualified investors, including the potential for deferred and reduced capital gains taxes through qualified investment structures. Buyers to perform their own due diligence regarding approvals, permits, utility connections, development feasibility, and Opportunity Zone requirements.
Property Features
Property Type: Land - Residential
Lot Size: 4.25 Acres
Taxes: $1,164
Feature Descriptions
Days on Site: 7
Lot: Rear Lot, Treed
Road Type: Paved Road
Sewer: Public Sewer In Street
Utility Features: None/Unknown
Water: Public Water In Street
Waterfront: Not Applicable
Local Schools
High School: Per Board of Ed
Elementary School: Per Board of Ed
Listed By / Shown By
Listing By
Agency Name: Kazantzis Real Estate, LLC
Agent Name: Androula Kazantzis
Agency Phone: (860) 7742733
Shown By
Agent Name: Sarah Agent
Agent Phone:
Agency Title: Coldwell Banker Choice Properties
Estimate Your Payment
Estimated Payment
$ 474.58 per month $333.83 Principal & Interest $97.00 Property Tax $43.75 Homeowner's InsuranceChange Payment Information
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406 Sabin | MLS# 24177764
This land located at 406 Sabin , Putnam, CT 06260 is currently listed for sale with an asking price of $150,000. The property has approximately 4.25 Acres. Search Putnam real estate on sarah-agentcbcp.coldwellbankerchoice.com today.