New Listing - 05/26/2026

$259,000 ($79.86 per sqft)

Est. Mortgage $1,293/mo *

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Listing courtesy of Michelle Gutierrez (203) 556-6608, Social & Co Realty (203) 484-8061

259 Ference Road, Ashford, (Lake Chaffee), CT, 06278

259 Ference Road, Ashford, (Lake Chaffee), CT, 06278
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12 rooms

2 Full baths

1945

Units on different Floors

3,243 sqft

Rare value-add and redevelopment opportunity situated on 3.5 acres with over 3,200 square feet of existing space. Currently configured as a mixed-use commercial property, this expansive parcel offers strong potential for multifamily conversion, redevelopment, expansion, mixed-use investment, income-producing use, or possible additional building opportunities, subject to buyer due diligence and local approvals. Ideal opportunity for investors, developers, contractors, or those seeking a long-term development play with substantial upside potential. Conveniently located with ample possibilities for repositioning and future use. Property to be sold strictly as-is. Buyer to perform all due diligence regarding zoning, approvals, permitted uses, subdivision potential, and development possibilities. Positioned to benefit from Connecticut's evolving pro-housing and multifamily development initiatives, this property presents exceptional long-term redevelopment and value-add potential. Recent statewide zoning and housing reform efforts aimed at encouraging middle housing, multifamily growth, mixed-use redevelopment, and higher-density residential opportunities may create significant upside for investors and developers. Buyer to perform all due diligence regarding zoning, permitted uses, subdivision potential, multifamily conversion, and future development opportunities.

Status:

Active

Town:

Ashford

Type:

Multi-family

Units:

2

Zoning:

C

Garage:

Paved, Off Street Parking

Heating:

Hot Air

Cooling:

None

Basement:

Full, Unfinished

Parking:

10-car

Acreage:

3.52

Est. Taxes:

$6,262

Assessment

$172,130

Lot Description:

Treed,Level Lot

Elementary School:

Ashford

High School:

Smith

Days on Market:

1

MLS #:

24178360

Community Info

School Info

Walk Score

Mass Transit

Yelp

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