895,000

Archambault Estate

raw land

Very nice acreage in the heart of Waterford and minutes to all amenities. Sale includes an additional lot under the same ownership (#131 Clark Lane consisting of 4.33 acres and #109R Clark Lane consisting of 11.73 Acres. Some wetlands on property leaving about 10 usable. Valuation based on the following permitted uses in the R-20 zone:Home for the aged, nursing home, rest home and/or places for assisted living; hospitals and clinics; and private educational institutions. Congregate housing as defined in Section 1 of these regulations only when constructed and operated in conjunction with a home for the aged, nursing home, or rest home as defined inIt shall be considered as a multi-family development and shall comply with all the provisions of Section 18 of these regulations. Congregate housing may be considered by the Commission as housing for the elderly to which modifications as provided in Section 18.7.4 may be granted as approved by the Commission. 4.2.7 Affordable Elderly Development, subject to the provisions of Section 3.17 of these Regulations

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16 ACRES IN THE HEART of Waterford, CT