Southington, CT – Hilco Real Estate, LLC announced June 18 as the bid deadline for a development site that is shovel-ready in downtown Southington.
The 14-acre vacant lot is ideal for mixed use, residential, senior living, medical and commercial use as it includes three large tax lots with potential for multiple developments. It has been fully approved for 245 residential units and 22,000sf of commercial space.
Southington is known for having a great school system, an outstanding local hospital and a proud community history with one of the largest communities in the area of over 43,000 people.
The property’s location in the heart of downtown Southington creates a walkable community between its adjacent parks and Center Street, which is well-known throughout the region as “Restaurant Row” due to numerous restaurants, shops and a large local brewery. The Quinnipiac River borders the western lot line of the property with a town park to the north providing tranquil views of the natural land, which is restricted from any future construction or buildings.
Bisecting the property is the four-mile long Southington Linear Trail, which is a smaller section of the Farmington Canal Heritage Trail (FCHT). The development site spans roughly 1,000 feet along the town’s portion of the trail, allowing immediate access for its future residents.
Jonathan Cuticelli, managing director at Hilco Real Estate, said, “This is a rare opportunity for a developer to purchase a fully-approved development site that is in beautiful downtown Southington, a town that grants easy access to major employment centers, has a great school system and historically has a strong financial base.”
Bids must be delivered to the offices of Hilco Real Estate on or before 5:00 p.m. (ET) on June 18 to be considered. Interested buyers should review the detailed sale terms for requirements in order to participate in the sale process available on Hilco’s website. On-site inspections will be held by appointment only.
For further information on the property, an explanation of the sale process, sale terms or to obtain access to property due diligence documents, visit HilcoRealEstate.com or call (855) 755-2300.
