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    Locust Hl Rd North Canaan, CT 06018

    Sponsored
    For Lease
    Contact for pricing

    4.6-acre lot, high-traffic location.

    Lot size:
    200,376 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.6-acre commercial land parcel presents a unique investment opportunity in North Canaan, Connecticut. Situated at the signalized intersection of Locust Hill Road (Highway 290) and West McElhaney Road, this property boasts exceptional visibility and accessibility. The site benefits from a high daily traffic count of 18,100 vehicles per day (VPD) in 2022, ensuring significant exposure for any development. Zoned Greenville County C1, the land is ideal for a variety of commercial uses. Its location adjacent to the Greenville Tech Greer campus provides further potential for synergy and growth. The property is available for ground lease or a build-to-suit arrangement, offering flexibility to potential developers. This is a rare opportunity to acquire a strategically located commercial parcel in a thriving area with excellent infrastructure and high traffic volume. The 4.6-acre lot provides ample space for a substantial development project. The property is located in Litchfield County, Connecticut, with a zip code of 06018. This prime location offers easy access to major transportation routes and amenities. Serious inquiries are encouraged.

    Property Features for 0 Locust Hl Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    200,376 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    200,376 SF

    HighLights

    • Greenville County C1 Zoning.
    • Tax map numbers: 0632.01‑01‑032.00, 033.00, and 033.01.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    North Canaan
    County
    Litchfield
    State
    Connecticut
    Longitude
    -82.30588370071
    Latitude
    34.959831714621

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    FAQs

    What type of property is this?
    Land - 4.6-acre lot, high-traffic location.
    Where is this land located?
    The property is located at Locust Hl Rd North Canaan, CT.
    What are key features of this property?
    This property features: Greenville County C1 Zoning.; Tax map numbers: 0632.01-01-032.00, 033.00, and 033.01.;
    Request Owner's contact information
    Locust Hl Rd North Canaan, CT 06018
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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
    Locust Hl Rd North Canaan, CT 06018
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