About 31 Parum Road
Rare fully entitled, shovel-ready development opportunity in Colchester, CT. 31 Parum Road is a 2.56-acre site (111,439 SF) with Planning & Zoning approval for a 30-unit multifamily building under C.G.S. 8-30g. Base suburban zoning permits only 10 units - the approved affordable housing set-aside is what unlocks the additional 20 units, creating significant embedded value. Approvals, architecture, civil, MEP, survey, and geotech all convey with the sale. Public water and sewer are already in the road. 444.7 ft of frontage on Route 354. Unit mix of 18 one-bedroom and 12 two-bedroom units across a 3-story building with walk-out lower level, 25,202 SF net rentable. Site sits near the Route 2/Route 11 interchange, minutes to shopping and under 30 minutes to Hartford. Offered at $750,000 ($25,000 per approved unit) - priced below comparable approved sites in the region. Full Offering Memorandum available upon request.
Features of 31 Parum Road
| MLS® # | 24205864 |
|---|---|
| Price | $750,000 |
| Acres | 2.56 |
| Type | Lots and Land For Sale |
| Sub-Type | Residential Land |
| Status | Active |
Community Information
| Address | 31 Parum Road |
|---|---|
| Area | N/A |
| City | Colchester |
| County | New London |
| State | Connecticut |
| Zip Code | 06415 |
Amenities
| Utilities | None/Unknown |
|---|---|
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Lot Description | Approved Building Lot, Secluded, Corner Lot, Treed, Level Lot, Sloping Lot, Rolling |
|---|
School Information
| Elementary | Per Board of Ed |
|---|---|
| Middle | Per Board of Ed |
| High | Per Board of Ed |
Additional Information
| Date Listed | September 9th, 2026 |
|---|---|
| Days on Market | 23 |
| Zoning | SU |
| RE / Bank Owned | No |
Listing Details
| Office | Salzillo Realty Company |
|---|