Prime Assemblage on Colman
377 Colman St, New London, CT 06320
4-acre assemblage with high visibility and redevelopment potential.
Type:Land
Property size:
6,101 SFLot size:
4.00 Acres- Added:
- May 21, 2024
- Days on Market:
- 740
- Last Refresh:
- May 12 at 9:52 pm
Property Features for 377 Colman St
General Information
- Standard status
- Active
- Size
- 6,101 SF
- Lot size
- 4.00 Acres
- Property subtype
- Land
Listing agent James Gillanders License #CT 0805707
Listing office Londregan Commercial Real Estate Group
Listing date May 21, 2024
Source Crexi
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
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.
- Close proximity (< .5 mi) to 17 new car dealerships.
- Includes two occupied buildings (2,228 SF and 3,873 SF) with existing tenants.
- Includes a +30,000 SF vacant former school building suitable for redevelopment or teardown.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Mary L. Mooradian, ...
Alternative Medicine Practice
Dr. Mary Lavin
Alternative Medicine Practice
Multi-Lingual Driving School
Training Center
Complete Spanish Services ...
Visa Consulting Service
Location Insight
- Map
- Local Demand
- City
- New London
- County
- State
- Connecticut
- Longitude
- -72.115831
- Latitude
- 41.357795
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FAQs
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.
