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Property profile & analytics
FOR SALE
Industrial land

14 Progress Dr Cromwell, CT 06416

8.54 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US15-0792359
14 Progress Dr, Cromwell, CT 06416 For Sale
$395,000
14 Progress Dr, Cromwell, CT 06416
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Property summary
AI-generated overview

This exceptional 8.54-acre industrial land parcel in Cromwell, Connecticut, presents a significant development opportunity. Ideally situated at 14 Progress Drive, 06416, this property boasts convenient access to Interstate 91 via Exit 21, located approximately half a mile away. The site is zoned for industrial use and features all utilities readily available at the street. This allows for the construction of up to approximately 30,000 square feet of new building space. Permitted uses include offices, warehousing, motor vehicle service and repair, contractor yards, and general outside material storage (subject to special permit). The property's central Connecticut location offers easy access to major transportation routes and is only 28 minutes from Bradley International Airport. Adding to its appeal, additional abutting industrial land is also available for potential expansion or consolidation. This prime location and versatile zoning make this an attractive investment for a variety of industrial and commercial ventures. The asking price for this exceptional opportunity is $495,000. Middlesex County location.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 8.54 ac (372,002 SF)
Zoning code IND
APN CROM M:00521000
UPID US15-0792359
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mj Industries LLC
Mj Industries LLC
since 2026
1 recorded transaction
2026
$400,000
Zoning & alternative use
IND · Cromwell, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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