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Property profile & analytics
OFF-MARKET
Land

343R Old Colchester Rd Salem, CT 06420

3.07 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 3.07 ac (133,729 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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