Regional Commercial Development
For Lease
$1,250,000
231 Salem Tpke, Norwich, CT 06360
RC-zoned commercial land at a signalized Route 82 interchange with direct highway access and regional retail surroundings.
Space SizeContact for details
Days on Market29
Property Features for 231 Salem Tpke
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$9,999,999
Listing Agency:
Serhant Connecticut, LLC
(203) 545-9966
Listed By:
Carmen Desiato · License #0829879
(203) 545-9966
Source:
Exprealty
Added: Jul 28
Changed: Aug 21
Last Checked: Aug 24 at 12:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serhant Connecticut, LLC
Investment Insights
Based on property information with market context.
This 4.0-acre commercial land assemblage combines two adjoining parcels into one contiguous site along a primary retail corridor. The property is zoned Regional Commercial (RC), a district intended for moderate- to large-scale businesses serving city-wide and regional needs. The site has manageable topography and can accommodate a single-tenant pad or multi-tenant layout, subject to applicable approvals.
Positioned at a signalized Route 82 interchange, the property offers direct highway access and is across from a Walmart Supercenter. Estimated traffic is ~20, 000 vehicles/day, with national grocery, fitness, lodging, and hospital anchors nearby. Combined frontage supports a potential curb cut set back from the signal. RC zoning includes retail, restaurants, hotels, offices, clinics, and entertainment; self-storage and fuel/convenience uses require a Special Permit. Parcel merger depends on the City's discontinuance of a short dead-end road segment.
Positioned at a signalized Route 82 interchange, the property offers direct highway access and is across from a Walmart Supercenter. Estimated traffic is ~20, 000 vehicles/day, with national grocery, fitness, lodging, and hospital anchors nearby. Combined frontage supports a potential curb cut set back from the signal. RC zoning includes retail, restaurants, hotels, offices, clinics, and entertainment; self-storage and fuel/convenience uses require a Special Permit. Parcel merger depends on the City's discontinuance of a short dead-end road segment.
Key Highlights
- 4.0‑acre commercial development assemblage comprising two adjoining parcels
- Regional Commercial (RC) zoning supports retail, restaurants, hotels, offices, clinics, and entertainment
- Signalized Route 82 interchange with direct highway access and estimated traffic of ~20, 000 vehicles/day
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 06360, CT
37,104
Population
17,739
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
88%
High-School Grad
26.8 sq mi
ZIP Area
1,384
Density / Sq Mi
$65,848
Median Household Income
$42,287
Median Earnings
$1,207
Median Rent
$233,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - RC-zoned commercial land at a signalized Route 82 interchange with direct highway access and regional retail surroundings.
Where is this commercial land located?
The property is located at 231 Salem Tpke Norwich, CT.
What is the lease rate?
The lease rate is $1,250,000.
What are key features of this property?
This property features: 4.0‑acre commercial development assemblage comprising two adjoining parcels; Regional Commercial (RC) zoning supports retail, restaurants, hotels, offices, clinics, and entertainment; Signalized Route 82 interchange with direct highway access and estimated traffic of ~20, 000 vehicles/day
