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Property profile & analytics
OFF-MARKET
Land

659 Riverside Dr Thompson, CT 06255

24.67 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 24.67-acre commercial land parcel, situated at 659 Riverside Drive in Thompson, Connecticut (zip code 06255), presents a unique development opportunity. Located in the DMRD zone, this property offers diverse usage potential, including single-family and multi-family residential development. The site boasts convenient access to public water, sewer, and Eversource power, along with two distinct access points. Its strategic location provides easy access to major transportation arteries, being just 1.3 miles from the I-395 entrance ramp. Commuting is simplified by its proximity to several major cities, including Worcester, MA (within 30 minutes), and Boston, MA, Springfield, MA, Providence, RI, Hartford, CT, and New London, CT (all within approximately one hour). The property benefits from its proximity to a range of amenities, including the Downtown Putnam District, offering diverse dining, shopping, and entertainment options, less than four miles away. Outdoor enthusiasts will appreciate the nearby Airline Trail Park, West Thompson Lake, Quaddick State Park, Douglas State Forest, and Webster Lake. Recreational opportunities abound with Thompson Motor Speedway, Quinnatisset Country Club, Connecticut National Golf Club, and Woodstock & Harrisville Golf Courses all within reach. Furthermore, Day Kimball Hospital is less than five miles away, and the UConn Main Campus in Storrs, CT is approximately 25 miles distant. The property is also within walking distance of the River Mill Redevelopment in North Grosvenordale and near the Thompson Municipal Complex, including schools and public offices. Seller financing is available for qualified buyers and projects. A buyer will have the opportunity to obtain development approvals prior to closing. Asking price: $995,000.

Property profile
Verified
Property type Land
Lot 24.67 ac (1,074,625 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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