343R Old Colchester Rd Salem, CT 06420
This exceptional 3.07-acre commercial land parcel in Salem, Connecticut, presents a unique investment opportunity. Located in New London County, at #R 343R Old Colchester Rd, zip code 06420, this A-zoned property offers flexibility for developers and businesses alike. The seller is open to either a build-to-suit lease arrangement or an outright sale to a commercial or industrial developer. The rural setting provides a distinct advantage, with limited competition in the immediate area, maximizing potential for growth and development. Its strategic location offers convenient access to major roadways, including proximity to routes 82, 85, and Route 2, ensuring excellent connectivity and accessibility for employees and customers. The asking price for this prime commercial land is $350,000. This presents a rare chance to establish a business in a desirable location or capitalize on the potential for significant future development in a growing area. The property's size and zoning make it suitable for a wide range of commercial or industrial uses. Don't miss this opportunity to secure a valuable asset in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.