97R Preston Rd Griswold, CT 06351
- Retirement homes
Current Use by Public Records
- Retirement homes
Property Details for 97R Preston Rd
- Property type
- Retirement homes
- Property subtype
- Apartment buildings
Description
This exceptional 18.06-acre parcel in Griswold, Connecticut, presents a remarkable opportunity for multifamily development. Located at 97R Preston Rd, 06351, in New London County, this C-1 zoned land boasts significant potential for various uses. Public water, sewer, and gas are readily available at the street, enhancing the feasibility of construction. An existing right-of-way provides convenient access, as detailed in supplementary documents. The property's strategic location offers excellent visibility and accessibility, with a reported traffic count of 1310 vehicles. The annual property taxes are $2,629. This expansive site is ideal for a range of projects, including market-rate multifamily housing, senior living facilities (elderly housing or assisted living), flexible-use spaces, hotels, or office buildings. The site's size and zoning regulations offer considerable flexibility for developers seeking to create a significant residential or mixed-use development in a desirable Connecticut location. Detailed information regarding access and zoning is available upon request. The asking price for this prime development opportunity is $299,000.
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
- Griswold
- County
- New London
- State
- Connecticut
- Longitude
- -71.9791
- Latitude
- 41.5915
