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    699 Hopeville Rd Griswold, CT 06351

    Sponsored
    For Sale
    $1,500,000

    Prime Commercial Land: I-395 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land opportunity, priced at $1,500,000, boasts unparalleled access to Interstate 395 at Exit 24 in Griswold, Connecticut. Strategically located midway between New York and Boston, and minutes from the Rhode Island border, this property benefits from significant infrastructure development and rising property values in a rapidly growing area. The site comprises three parcels and offers immediate proximity to major retail establishments, including a Home Depot, Kohl's, Walmart Supercenter, Michaels, and Dick's Sporting Goods at the nearby Lisbon Landing Shopping Center (3.5 miles away). This location places businesses within easy reach of a diverse customer base and provides excellent visibility. Further advantages include convenient access to railway transportation, a 30-minute drive to an airport, and approximately 10 minutes to casinos, hospitals, and the Rhode Island state line. Recreational opportunities abound, with state parks, lakes, and shoreline beaches all within a 30-minute radius. Mystic, Groton, and New London are also approximately 20 minutes away. This property presents a unique chance to capitalize on the thriving commercial activity along the I-395 corridor and the surrounding region's robust growth. The location's blend of accessibility, amenities, and recreational proximity makes it an ideal site for a variety of commercial ventures.

    Property Features for 699 Hopeville Rd

    General Information

    Property type
    Land

    HighLights

    • $1,500,000 commercial land opportunity in Griswold, CT.
    • Exceptional I‑395 (Exit 24) access, midway between New York and Boston.
    • Three parcels totaling [Size not specified] near Lisbon Landing Shopping Center (Home Depot, Kohl's, Walmart, etc.).
    • 30‑minute drive to airport; 10 minutes to casinos, hospitals, and RI border.
    • Proximity to recreational areas, Mystic, Groton, and New London.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Wholesale Shop Electrical Service Pawn Shop Barber Shop Cosmetics Store Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Griswold
    County
    New London
    State
    Connecticut
    Longitude
    -71.9442325
    Latitude
    41.6135092

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land: I-395 Access
    Where is this land located?
    The property is located at 699 Hopeville Rd Griswold, CT.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 commercial land opportunity in Griswold, CT.; Exceptional I-395 (Exit 24) access, midway between New York and Boston.; Three parcels totaling [Size not specified] near Lisbon Landing Shopping Center (Home Depot, Kohl's, Walmart, etc.).
    (860) 912-0694
    Request Owner's contact information
    699 Hopeville Rd Griswold, CT 06351
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    Griswold, CT 06351
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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
    699 Hopeville Rd Griswold, CT 06351
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