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    Murphy Rd Franklin, CT 06254

    Sponsored
    For Sale
    $795,000

    16.8 Acres, C-2 Zoning, 3 Lots

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16.8-acre commercial land parcel in Franklin, Connecticut, presents a unique investment opportunity. Comprising three separate lots, each zoned C-2 Light Commercial, this property offers significant development potential. Previously approved site plans exist for three flex buildings totaling 78,000 square feet: one 22,000 square foot building, one 30,000 square foot building, and one 26,000 square foot building. The property's location within a thriving business area ensures high visibility and accessibility. Conveniently situated near Routes 2 and 32, and within a 32-minute drive of I-395, this location provides excellent connectivity for businesses and employees. The asking price for this prime commercial land is $795,000. This is an ideal site for a commercial business park or individual development projects, offering flexibility to suit various business needs. The existing approved site plans streamline the development process, minimizing delays and maximizing efficiency. Don't miss this chance to acquire a substantial commercial property in a strategic location with significant growth potential. The property is located in New London County, Connecticut, with the address being Murphy Rd, Franklin, CT 06254.

    Property Features for 0 Murphy Rd

    General Information

    Property type
    Land
    Lot Size
    731,808 SF

    HighLights

    • 16.8‑acre commercial land parcel in Franklin, CT.
    • Three C‑2 zoned lots.
    • Approved site plans for three flex buildings totaling 78,000 SF (22,000 SF, 30,000 SF, and 26,000 SF).
    • Excellent location near Routes 2 & 32, 32 minutes from I‑395.
    • Asking price: $795,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Franklin
    County
    New London
    State
    Connecticut
    Longitude
    -72.1372609
    Latitude
    41.5817782

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    FAQs

    What type of property is this?
    Land - 16.8 Acres, C-2 Zoning, 3 Lots
    Where is this land located?
    The property is located at Murphy Rd Franklin, CT.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 16.8-acre commercial land parcel in Franklin, CT.; Three C-2 zoned lots.; Approved site plans for three flex buildings totaling 78,000 SF (22,000 SF, 30,000 SF, and 26,000 SF).
    (877) 327-3755
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    Murphy Rd Franklin, CT 06254
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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
    Murphy Rd Franklin, CT 06254
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