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    William St Portland, CT 06480

    Sponsored
    For Sale
    $742,500

    Prime Industrial Land, Excellent Location, Route 66 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.94-acre industrial land parcel is strategically located in Portland, Connecticut, offering significant development potential. Situated off Route 66, this property boasts an enviable location with high visibility and convenient access to a major thoroughfare, experiencing an average daily traffic count of approximately 17,819 vehicles. The site's central Connecticut location also provides easy access to Route 9, enhancing its connectivity and logistical advantages. Zoned for Planned Industrial (IP) use, this property allows for a wide range of industrial applications, providing flexibility for diverse development projects. While the total acreage is 7.94 acres, approximately 5.5 acres are usable, providing ample space for construction and operations. The property's address is William Street, Portland, CT 06480, within Middlesex County. This presents a rare opportunity to acquire a substantial industrial land holding in a high-demand area, ideal for businesses seeking a strategic location with excellent transportation links and zoning flexibility. The asking price for this significant property is $742,500. This is a remarkable opportunity for investors and developers seeking a prime industrial location in central Connecticut.

    Property Features for 0 William St

    General Information

    Property type
    Land
    Lot Size
    345,866 SF

    HighLights

    • High‑traffic location on Route 66, averaging 17,819 vehicles daily.
    • Convenient central Connecticut location with quick access to Route 9.
    • Situated in a Planned Industrial (IP) Zone, supporting diverse industrial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Portland
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6189324
    Latitude
    41.5833873

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime Industrial Land, Excellent Location, Route 66 Access
    Where is this land located?
    The property is located at William St Portland, CT.
    What is the asking price?
    The asking price for this property is $742,500.
    What are key features of this property?
    This property features: High-traffic location on Route 66, averaging 17,819 vehicles daily.; Convenient central Connecticut location with quick access to Route 9.; Situated in a Planned Industrial (IP) Zone, supporting diverse industrial uses.
    Request Owner's contact information
    William St Portland, CT 06480
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    Portland, CT 06480
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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
    William St Portland, CT 06480
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