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    248-250 Flanders Rd East Lyme, CT 06333

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    For Lease
    Contact for pricing

    Retail space in shopping center with high traffic and visibility.

    Property size:
    2,350 SF
    Lot size:
    10.11 Acres

    Property Features for 248-250 Flanders Rd

    General Information

    Size
    2,350 SF
    Lot size
    10.11 Acres

    Source: Colliers - Hartford Agent John Cafasso, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grocery-Anchored Retail Space Available

    This retail space is located in a strong grocery-anchored shopping center. Co-tenants include Stop & Shop, Verizon, and Yale New Haven Medical. The location benefits from high traffic volume, with 20,261 vehicles per day on Flanders Road. The property offers visibility from Interstate 95 and includes pylon identity signage. Future improvements to I-95 will provide a new exit ramp directly in front of the plaza. The available space is 2,350 square feet and is available immediately.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Lyme
    County
    New London
    State
    Connecticut
    Longitude
    -72.210266
    Latitude
    41.363028

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    FAQs

    What type of property is this?
    Strip mall - Retail space in shopping center with high traffic and visibility.
    Where is this strip mall located?
    The property is located at 248-250 Flanders Rd East Lyme, CT.
    What are key features of this property?
    This property features: - Strong grocery-anchored shopping center anchored by Stop & Shop.; - High traffic volume: 20,261 VPD on Flanders Road.; - Benefit from visibility from Interstate 95 with pylon identity signage.
    (860) 983-4282
    Request Owner's contact information
    248-250 Flanders Rd East Lyme, CT 06333
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    248-250 Flanders Rd East Lyme, CT 06333
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