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$ 3,900,000
Est. payment | /mo
9 Acres Lot
$ 3,900,000
Est. payment | /mo
9 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24165196
Year Built 1963
Annual Tax Amount $9,232
Lot Size 9.000 Acres
Property Description
Former sand & gravel operation offering exceptional potential for redevelopment as a mixed-use project. Strategically located adjacent to the Big Y / Walmart Plaza, this 14.72-acre parcel includes approximately 6.5+ usable acres. Positioned within a Planned Commercial (PC) Zone, the property supports a wide range of development possibilities. With 625 feet of road frontage, visibility and access are strong, making it ideal for commercial or mixed-use applications. An existing 1,488 SF abandoned structure is located on-site. The property currently has well and septic, with public water and sewer available in the street. Natural gas access is nearby on Route 82 (Salem Turnpike). Convenient access to I-395 via Route 82 enhances regional connectivity. Additional Income / Opportunity: Approximately 3,600 SF of the property is under lease for the construction of a communication facility, offering potential future income. Lease details are available upon request. Permitted Uses Include: Office, Retail, Hotel, Fitness/Gym, Financial Institutions, Mixed-Use (Commercial/Residential), Assembly Hall, Boat Sales, Cafe/Restaurant, Club, Cultural Facilities, Customer Service, Entertainment, Government, Solar, Utility, and more. By Special Permit: Laboratory, Mixed-Use Parking Facilities (Accessory), Parking Garage, Technology Uses, and additional commercial applications. This is a rare opportunity for investors and developers to capitalize on a highly visible location with flexible zoning,
Location
State CT
County New London
Zoning PC
Interior
Heating No Heat
Cooling None
Exterior
Utilities Available Electric Available, Gas Available, Cable Available
Roof Type Other
Building
Lot Description Some Wetlands, Cleared
Sewer Public Sewer In Street, Cesspool
Water Public Water In Street, Private Well
Listed by Patricia Williams • William Raveis Real Estate
Nearby Locations
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