343R Old Colchester Rd Salem, CT 06420
- Land
- 3.07 lot acres
Current Use by Public Records
- Land
Property Details for 343R Old Colchester Rd
- Lot size
- 3.07 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- New London
- State
- Connecticut
- Longitude
- -72.2425
- Latitude
- 41.5057
