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    Salem Tpke Bozrah, CT 06334

    For Sale
    $675,000

    7-Acre Commercial Lot, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 7.01-acre commercial land parcel presents a unique investment opportunity in Bozrah, Connecticut. Strategically located on Route 82 and Old Salem Road, this property enjoys high visibility and convenient access. Zoned HC, it offers a wide range of permitted uses, including retail businesses, banks and financial institutions, professional offices, and personal service establishments. The site boasts public water, sewer, and gas utilities, simplifying development and reducing infrastructure costs. Its location just over the Norwich town line and directly across from an assisted living facility ensures a strong potential customer base. The expansive lot size provides ample space for a variety of development projects, making it ideal for both single-tenant and multi-tenant developments. This prime location, coupled with its versatile zoning and readily available utilities, makes this property an attractive proposition for investors seeking a high-return opportunity in a thriving Connecticut market. The property is situated in New London County, with a zip code of 06334. The address is Salem Turnpike, Bozrah, CT.

    Property Features for 0 Salem Tpke

    General Information

    Property type
    Land
    Lot Size
    305,356 SF

    HighLights

    • 7.01‑acre commercial land parcel in Bozrah, CT.
    • High‑visibility location on Route 82 and Old Salem Road.
    • HC zoning allows for retail, financial, professional, and personal service uses.
    • Public water, sewer, and gas utilities available.
    • Located near Norwich town line and across from an assisted living facility.
    • Suitable for single or multi‑tenant development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bozrah
    County
    New London
    State
    Connecticut
    Longitude
    -72.140384663981
    Latitude
    41.506194188998

    Nearby Comparable

    • $399,500

      Commercial Land on Route 82

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      Bozrah Land Parcel For Sale

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      Norwich Salem Tpke Property

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      Expansive 240-Acre Property For Sale

      240-acre property near beaches, casinos, and shopping centers.
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    Nearby Similar for Sale

    • $449,000

      Bozrah Specialty Property For Sale

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    • $579,900

      Bozrah Specialty Property For Sale

      Specialty property available for purchase in Bozrah, Connecticut.
      490 Fitchville Rd, Bozrah, CT 06336
      View Details

    FAQs

    What type of property is this?
    Land - 7-Acre Commercial Lot, High Visibility
    Where is this land located?
    The property is located at Salem Tpke Bozrah, CT.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 7.01-acre commercial land parcel in Bozrah, CT.; High-visibility location on Route 82 and Old Salem Road.; HC zoning allows for retail, financial, professional, and personal service uses.
    (860) 887-5000
    Request Owner's contact information
    Salem Tpke Bozrah, CT 06334
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    Bozrah, CT 06334
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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
    Salem Tpke Bozrah, CT 06334
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