Listing Agency: Riverview Realty, LLC d***@riverviewrealtyct.com Show Phone

Listed By: Dale Bunn · License #RES.0788367 Show Phone

Source: Westshorerealty

Added: Jun 24, 2024 Changed: Aug 4 Last Checked: Aug 7 at 10:07AM

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Investment Insights

Based on property information with market context.

This commercial land parcel at 343r Old Colchester Road #R is offered for development. The property can be purchased by a commercial or industrial developer for construction, or structured around an owner-built project with leased space.

The site is in Salem, CT, near Colchester and within reach of Route 82, Route 85, and Route 2. Its rural setting provides a location for a commercial project serving the surrounding area.

Key Highlights

• Commercial land at 343r Old Colchester Road #R, Salem, CT 06420
• Purchase option for commercial or industrial development
• Build‑to‑suit lease structure is available

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Auto Repair Shop HVAC Service Building Supply Spa & Massage Center Wine and Liquor Store Arcade & Gaming Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

16

Businesses Nearby

Explore this area Business Placement

Demographics for 06420, CT

4,250

Population

1,785

Households

2.4

Avg Household Size

43

Median Age

53%

College-Educated

99%

High-School Grad

29.5 sq mi

ZIP Area

144

Density / Sq Mi

$118,839

Median Household Income

$58,972

Median Earnings

$1,495

Median Rent

$369,800

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - Available for commercial development with a build-to-suit lease option.

Where is this commercial land located?

The property is located at 343r Old Colchester Road #R Salem, CT.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Commercial land at 343r Old Colchester Road #R, Salem, CT 06420; Purchase option for commercial or industrial development; Build‑to‑suit lease structure is available