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    105 Stonington Rd Norwich, CT 06360

    Sponsored
    For Sale
    $195,000

    6.04 Acres, High Traffic, Cannabis-Friendly

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.04-acre parcel presents a unique investment opportunity in Norwich, Connecticut. Strategically located at 105 Stonington Road, this property boasts 640 feet of frontage and benefits from a high traffic count of 9,500 vehicles daily. Its prime location at the Norwich/Preston line, near I-395 Exit 13 and Route 2, provides easy access to major transportation arteries. The property is within five minutes of Norwich City Hall and conveniently situated on the route to Mohegan Sun and Mashantucket Pequot Casino, as well as nearby outlet malls. Public water, sewer, and gas services are readily available in the street. The property is zoned GC and sits within a 2021 census tract that permits cannabis use, opening doors to a variety of potential commercial ventures. Annual property taxes are $2,118. This versatile land offers significant potential for developers and investors seeking a high-visibility location with excellent infrastructure and zoning flexibility. The combination of high traffic, convenient location, and permissive zoning makes this a truly remarkable opportunity.

    Property Features for 105 Stonington Rd

    General Information

    Property type
    Farms
    Lot Size
    263,102 SF

    HighLights

    • $195,000 asking price for 6.04 acres of land.
    • 640 feet of frontage.
    • High traffic count of 9,500 vehicles.
    • Public water, sewer, and gas available.
    • Zoned GC.
    • Annual property taxes: $2,118.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Auto Parts Store Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.05234660146
    Latitude
    41.517904078556

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    FAQs

    What type of property is this?
    Farm - 6.04 Acres, High Traffic, Cannabis-Friendly
    Where is this farm located?
    The property is located at 105 Stonington Rd Norwich, CT.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: $195,000 asking price for 6.04 acres of land.; 640 feet of frontage.; High traffic count of 9,500 vehicles.
    Request Owner's contact information
    105 Stonington Rd Norwich, CT 06360
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    Norwich, CT 06360
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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
    105 Stonington Rd Norwich, CT 06360
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