Property profile

407 Salem Tpke Bozrah, CT 06334

OFF-MARKET
Land
2.07 ac lot
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Property summary

AI-generated overview

This exceptional 2.07-acre commercial lot in Bozrah, Connecticut, presents a remarkable opportunity for retail development. Located at 407 Salem Turnpike, this flat, dry, and cleared parcel boasts 300 feet of road frontage and benefits from an average daily traffic count of 3,500 vehicles. Its strategic location is just 1.5 miles from I-395, ensuring excellent visibility and accessibility. The property is zoned HC Highway Commercial and has already undergone perc testing, with recent approval for restaurant use. Permitted uses include retail, restaurants, bars, business or personal services, repair services, laundry, office spaces, and theaters. Arcades are permitted by special permit. A town sewer system is planned for 2025. Additional acreage is available in the rear of the property. The asking price is $240,000. Conveniently located near a Bestway Gas/Convenience store, this property offers unparalleled potential for a thriving business. Access is easily reached via I-395, Exit 11.

Property profile

Verified
Property type Land
Lot 2.07 ac (90,169 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

407 Salem Tpke Bozrah, CT 06334
Bozrah metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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