Excellent development opportunity in the lovely waterfront community of Milford, CT. This over 42-acre parcel had previously been approved for a 160 unit 55 and over community. The property is located in close proximity to the Wilber/Merritt Parkways, Milford Connector to I-95 and the Housatonic River. Location is within 60 miles to NYC and easily accessible to both Fairfield County and downtown New Haven. Previous sewer connection to the site was approved. It is buyers' responsibility to regain the previous approvals, or approvals for any other use and connect the sewer. The asking price is with the understanding that the seller will wait for buyer to gain all necessary approvals prior to closing. Also offered as a single-family lot subdivision per the current zoning regulations with a quick close.