259 Ference Road, Ashford, CT 06278 (MLS # 24208211)

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PRICE $219,000 BEDS 3 BATHS 2 HOME SIZE 3,243 sqft LOT SIZE 3.52 ac

20 minutes from UCONN! 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.