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121 Simsbury Rd
Avon, CT 06001
Asking Price
$2.25M
Asset Type
Commercial Land
Class
Class B
What's Special
Prime 7.0-Acre Development Opportunity on Busy Route 10/202 in Avon, CT <ul><li>Prominent location with 340' of frontage and ADT of 10,400 VPD</li><li>Excellent access and visibility from Simsbury Rd. (Rt. 10/202)</li><li>Situated in an affluent residential/commercial area</li><li>Zoned CP-A, which allows a variety of permitted uses</li><li>Site has been identified as suitable for application of the town's Affordable Housing Overlay Zone (AHOZ), which promotes mixed-use projects with 20% affordable housing</li></ul>
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NOI
$80,000
Cap Rate
3.56%
DSCR
0.60
Underwater
Cash-on-Cash
-7.94%
Monthly Payment
$11,131.772
Annual Cash Flow
$-53,581.268
