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    170 Bishop Crossing Rd Griswold, CT 06351

    Sponsored
    For Sale
    $2,975,000

    168 Acres, Four Parcels, I-395 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 168-acre commercial land offering presents a unique investment opportunity in Griswold, Connecticut. The property comprises four parcels: 170, 205, and 161 Bishop Crossing Road, and 111 Geer Road. Three parcels are zoned Business Park, providing flexibility for various commercial developments, while one parcel is zoned Residential. The land boasts high visibility with nearly 4,000 feet of frontage along I-395, ensuring excellent exposure for any business. Existing structures include an open field, a large barn, a farmhouse, and a large poultry house. The strategic location offers easy access to major transportation routes, placing it midway between New York City and Boston. Proximity to Hartford, Providence, Springfield, and Worcester enhances its appeal. Furthermore, its location is just 2.5 miles from the Lisbon Landing shopping center, home to major retailers like Walmart, Kohl's, Home Depot, Target, Lowe's, Ruby Tuesday's, and Chili's. The property also benefits from its proximity to Foxwoods and Mohegan Sun casinos and is within 40 minutes of the Connecticut shoreline, offering convenient access to train, corporate jet, and commuting options. Detailed zoning information is available upon request. The asking price for this substantial land holding is $2,975,000.

    Property Features for 170 Bishop Crossing Rd

    General Information

    Property type
    Business parks
    Lot Size
    7,331,148 SF

    HighLights

    • $2,975,000 asking price.
    • 168.3‑acre land parcel in Griswold, CT.
    • Four‑parcel package including 170, 205, and 161 Bishop Crossing Road, and 111 Geer Road.
    • Business Park zoning (Bishop Crossing parcels); Residential zoning (Geer Road parcel).
    • High visibility with nearly 4,000 feet of I‑395 frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Polinsky Farms Logo Wholesaler

    Suggested Use

    Realty agency Wholesale Shop Garden Center Electrical Service Bakery Cosmetics Store Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Griswold
    County
    New London
    State
    Connecticut
    Longitude
    -71.94489668
    Latitude
    41.62188953

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    FAQs

    What type of property is this?
    Business park - 168 Acres, Four Parcels, I-395 Frontage
    Where is this business park located?
    The property is located at 170 Bishop Crossing Rd Griswold, CT.
    What is the asking price?
    The asking price for this property is $2,975,000.
    What are key features of this property?
    This property features: $2,975,000 asking price.; 168.3-acre land parcel in Griswold, CT.; Four-parcel package including 170, 205, and 161 Bishop Crossing Road, and 111 Geer Road.
    Request Owner's contact information
    170 Bishop Crossing Rd Griswold, CT 06351
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    Griswold, CT 06351
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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
    170 Bishop Crossing Rd Griswold, CT 06351
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