Prime 3.1-acre development opportunity in Higganum, with easy access to Route 9 and the quaint downtown. The site has already been cleared, graded, and improved with driveway access, offering a strong head start for future development. Zoning allows for full commercial use or a mixed-use project with up to 75% residential rentals. Under current regulations allowing 5 rental units per half acre and 25% coverage, the property may accommodate up to 30 residential rental units plus a minimum of 8,439 square feet of commercial space. Ideal for mixed-use, retail, office, service, or investment-oriented development.
Frontage:
State Road,Municipal Street,Paved Road
Current Use
Vacant lot, cleared, graded and surveyed
Permitted Use
Mixed use, 25%-100% commercial
Lot Description:
Dry,Level Lot,Cleared
11 Thayer Rd Extension, Haddam, (Higganum), CT, 06441
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
