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    135 Route 32 Franklin, CT 06254

    Sponsored
    For Sale
    $1,750,000

    87 Acres, Route 32 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 87-acre parcel presents a significant development opportunity in Franklin, Connecticut. Located on Route 32, the property boasts extensive road frontage, offering excellent visibility and accessibility. The land is zoned for industrial use, providing flexibility for a variety of projects. Utilities are readily available, including water, sewer, and natural gas, simplifying the development process. Its strategic location offers convenient access to major transportation arteries, including Routes 2 and 32, and is just minutes away from Interstate 395, ensuring seamless connectivity to regional and national markets. The sloping terrain of this sizable lot provides potential for creative site planning and development. This is an ideal location for businesses seeking a prominent presence in a thriving area with strong infrastructure support. The asking price for this substantial land holding is $1,750,000. Serious inquiries are encouraged. The property is situated in New London County, Connecticut, with a zip code of 06254. The address is 135 Route 32, Franklin, CT.

    Property Features for 135 Route 32

    General Information

    Property type
    Land
    Lot Size
    3,789,720 SF

    HighLights

    • 87‑acre commercial/industrial land parcel in Franklin, CT.
    • Water, sewer, and natural gas utilities available.
    • Excellent development opportunity.
    • Prime location near Routes 2 & 32, minutes from I‑395.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    New London
    State
    Connecticut
    Longitude
    -72.1290522
    Latitude
    41.5798738

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    FAQs

    What type of property is this?
    Land - 87 Acres, Route 32 Frontage
    Where is this land located?
    The property is located at 135 Route 32 Franklin, CT.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 87-acre commercial/industrial land parcel in Franklin, CT.; Water, sewer, and natural gas utilities available.; Excellent development opportunity.
    (877) 327-3755
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    135 Route 32 Franklin, CT 06254
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    Franklin, CT 06254
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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
    135 Route 32 Franklin, CT 06254
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