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    245 High St Sprague, CT 06330

    Sponsored
    For Sale
    $180,000

    25.5 Acres, R80 Zoning, Sprague, CT

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25.5-acre commercial land parcel presents a unique investment opportunity in Sprague, Connecticut. Located at 245 High Street, the property is zoned R80, offering versatile potential for residential development. Situated in the thriving Eastern Connecticut region, this expansive lot provides ample space for a variety of projects, allowing for the creation of a distinctive residential community. The property's prime location offers significant advantages for developers seeking to capitalize on the area's growth. The availability of nearby city water and sewer further enhances the development potential, simplifying infrastructure needs. This substantial land holding represents a compelling opportunity for investors seeking to realize their vision in a desirable and strategically positioned location. The asking price for this remarkable property is $180,000. The property's size and zoning make it an ideal canvas for a large-scale residential development project in a highly sought-after area of Connecticut. Serious inquiries are encouraged.

    Property Features for 245 High St

    General Information

    Property type
    Land
    Lot Size
    1,110,780 SF

    HighLights

    • 25.5‑acre commercial land parcel in Sprague, CT.
    • R80 zoning allows for versatile residential development.
    • Prime location in thriving Eastern Connecticut.
    • Ample space for large‑scale residential community development.
    • Ideal for realizing your residential investment vision.
    • Convenient access to city water and sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store HVAC Service Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sprague
    County
    New London
    State
    Connecticut
    Longitude
    -72.076899
    Latitude
    41.610559

    Nearby Comparable

    • $329,900

      Updated Two-Family Home in Baltic

      Renovated two-unit property with separate utilities, ideal for investors.
      212 High St, Sprague, CT 06330
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      Prime Sprague Commercial Building

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      Well-Kept Four-Family Near Town Center

      Four-family property with separate utilities, ideal for owner-occupants or investors.
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      Updated Turn-Key Two-Family Property

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      Spacious Two-Family Home, Sprague CT

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    • $975,000

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    Nearby Similar for Sale

    • $310,000
      Pending

      Spacious Two-Family Home, Sprague CT

      Side-by-side two-family home with investment potential in Sprague, CT.
      125 Main St, Sprague, CT 06330
      View Details
    • $325,000
      Pending

      Well-Kept Four-Family Near Town Center

      Four-family property with separate utilities, ideal for owner-occupants or investors.
      123 High St, Sprague, CT 06330
      View Details
    • $189,925

      Baltic Three-Family Investment Opportunity

      Three-family property in Baltic, CT, offering renovation and income potential.
      12 W Main St, Sprague, CT 06330
      View Details
    • $199,900

      Commercial Building with Postal Office Lease

      Single-story commercial building in Baltic, CT, leased to USPS.
      2 Main St, Sprague, CT 06330
      View Details
    • $285,000

      Updated Turn-Key Two-Family Property

      Updated two-family property with new roof and heating system.
      27 W Main St, Sprague, CT 06330
      View Details
    • $329,900

      Updated Two-Family Home in Baltic

      Renovated two-unit property with separate utilities, ideal for investors.
      212 High St, Sprague, CT 06330
      View Details
    • $749,000

      Potash Hill Road Property

      Property for sale on Potash Hill Road.
      85 Potash Hill Rd, Sprague, CT 06330
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    • $325,000
      2,268 SF

      Prime Sprague Commercial Building

      USPS-Leased, High-Return Investment
      2 Main St, Sprague, CT 06330
      View Details

    FAQs

    What type of property is this?
    Land - 25.5 Acres, R80 Zoning, Sprague, CT
    Where is this land located?
    The property is located at 245 High St Sprague, CT.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: 25.5-acre commercial land parcel in Sprague, CT.; R80 zoning allows for versatile residential development.; Prime location in thriving Eastern Connecticut.
    (877) 327-3755
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    245 High St Sprague, CT 06330
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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
    245 High St Sprague, CT 06330
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