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    Bokum Rd Essex, CT 06426

    Sponsored
    For Sale
    $1,450,000

    Prime Essex development land, RU zoning, near I-95.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional offering presents two distinct development opportunities in the desirable town of Essex, Connecticut. The properties, located in a Rural Use (RU) zoned area, are situated within an Active Adult Community adjacent to the Essex Glen condominium community, offering a unique blend of commercial and residential potential. One parcel encompasses 10 acres (Lot 14-2) and is listed at $1,450,000. Access to both parcels is conveniently located at the cul-de-sac end of Essex Glen Drive. The strategic location provides easy access to Essex Village, Route 9, and Interstate 95, ensuring excellent connectivity and visibility. The 10-acre parcel presents a compelling opportunity for developers seeking to capitalize on the growing demand for residential or commercial projects in this sought-after area. The property's zoning allows for a variety of development options, making it an attractive investment for both experienced and emerging developers. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire prime development land in a thriving Connecticut community. Serious inquiries only.

    Property Features for 0 Bokum Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • $1,450,000 asking price.
    • 10‑acre land parcel.
    • Commercial and residential zoning permitted (RU).
    • Located in Essex, CT, in Middlesex County, zip code 06426.
    • Minutes from Essex Village, Route 9, and I‑95.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Essex
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.406407904857
    Latitude
    41.334941517691

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    FAQs

    What type of property is this?
    Land - Prime Essex development land, RU zoning, near I-95.
    Where is this land located?
    The property is located at Bokum Rd Essex, CT.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: $1,450,000 asking price.; 10-acre land parcel.; Commercial and residential zoning permitted (RU).
    (860) 887-5000
    Request Owner's contact information
    Bokum Rd Essex, CT 06426
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    Essex, CT 06426
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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
    Bokum Rd Essex, CT 06426
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