Prime Assemblage on Colman
For Sale
Contact for pricing
377 Colman St, New London, CT 06320
4-acre assemblage with high visibility and redevelopment potential.
Property Size6,101 SF
Lot Size4.00 Acres
Days on Market830
Property Features for 377 Colman St
General Information
Standard status
Active
Size
6,101 SF
Lot size
4.00 Acres
Property subtype
Land
Zoning
C-2
Listing Agency:
Londregan Commercial Real Estate Group
(860) 444-8811
Listed By:
James Gillanders · License #CT 0805707
Source:
Crexi
Added: May 21, 2024
Changed: Aug 14
Last Checked: Aug 25 at 9:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Londregan Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This offering features an approximately 4-acre assemblage wrapping two corners at Colman Street and Cedar Grove & Elm in New London, Connecticut. The property boasts over 345 feet of frontage on Colman Street, positioned across from Wendy’s, Dunkin', Taco Bell, and McDonald’s, and in close proximity to Burger King and Popeye’s. Other national brand tenants within a quarter-mile include Valvoline, Enterprise, Dollar General, and O’Reilly’s Auto Parts. The location is also less than half a mile from 17 new car dealerships, representing brands such as Chevy, Cadillac, Genesis, Hyundai, Mercedes Benz, BMW, Subaru, Audi, Toyota, Ford, Mazda, Volvo, Chrysler, Dodge, Jeep, Ram, and Lotus. The property is located right off Interstate-95. The assemblage includes two occupied buildings on Colman Street: a 2,228 square-foot single-level, single-tenant building, and a 3,873 square-foot single-level, two-tenant building. Additionally, there is a vacant former school building with over 30,000 square feet, suitable for redevelopment or teardown, located directly behind the other buildings with visibility and access on Cedar Grove Avenue and Elm Street. The current net operating income (NOI) covers all expenses associated with all subject properties.
Key Highlights
- +\/- 4 acre assemblage with frontage on Colman Street, Cedar Grove Ave, and Elm St.
- High‑traffic location with over 345 ft. of frontage across from Wendy’s, Dunkin' Donuts, Taco Bell, and McDonald’s.**
- Existing NOI covers all expenses associated with all subject properties.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 06320, CT
27,398
Population
12,528
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
5.6 sq mi
ZIP Area
4,893
Density / Sq Mi
$60,224
Median Household Income
$34,932
Median Earnings
$1,304
Median Rent
$234,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 4-acre assemblage with high visibility and redevelopment potential.
Where is this commercial land located?
The property is located at 377 Colman St New London, CT.
What are key features of this property?
This property features: +\/- 4 acre assemblage with frontage on Colman Street, Cedar Grove Ave, and Elm St.; High‑traffic location with over 345 ft. of frontage across from Wendy’s, Dunkin' Donuts, Taco Bell, and McDonald’s.**; Existing NOI covers all expenses associated with all subject properties.
