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    110 River Rd Griswold, CT 06351

    Sponsored
    For Sale
    $1,200,000

    5.1 Acres, I-395 Visibility, $1.2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5.1-acre commercial land parcel presents a remarkable investment opportunity in Lisbon, Connecticut. Strategically located at a full interchange of I-395, this property boasts unparalleled visibility to a high volume of daily traffic. Its prime location within a thriving business and retail area, adjacent to a major regional power center featuring numerous national retailers, ensures high foot traffic and strong consumer demographics. The site is zoned for General Commercial use, offering flexibility for a wide range of development projects. Potential uses include fast-food restaurants, retail establishments, or medical facilities. All utilities are readily available, simplifying the development process and minimizing upfront costs. The asking price is $1,200,000, translating to $272,000 per acre, reflecting the property's exceptional location and development potential. The address is 110 River Rd, Lisbon, CT 06351, situated in New London County. This property offers a unique chance to capitalize on a high-demand location with excellent visibility and accessibility. Don't miss this opportunity to secure a prime commercial development site in a rapidly growing area.

    Property Features for 110 River Rd

    General Information

    Property type
    Land
    Lot Size
    222,156 SF

    HighLights

    • $1,200,000 asking price.
    • 5.1‑acre commercial land parcel.
    • General Commercial zoning.
    • Located at 110 River Rd, Lisbon, CT 06351.
    • $272,000 per acre land value.
    • Prominent I‑395 interchange location, high visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Griswold
    County
    New London
    State
    Connecticut
    Longitude
    -71.9282781
    Latitude
    41.5961439

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    FAQs

    What type of property is this?
    Land - 5.1 Acres, I-395 Visibility, $1.2M
    Where is this land located?
    The property is located at 110 River Rd Griswold, CT.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; 5.1-acre commercial land parcel.; General Commercial zoning.
    (877) 327-3755
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    110 River Rd 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
    110 River Rd Griswold, CT 06351
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