140 Preston Rd Griswold, CT 06351-2631
This exceptional 4.99-acre commercial land parcel presents a remarkable investment opportunity in Griswold, Connecticut. Strategically located on Route 164, a main thoroughfare to the renowned Foxwoods Casino, this property boasts exceptional visibility and high traffic counts, ensuring maximum exposure for any commercial venture. The level lot is already at finished grade, eliminating costly site preparation and expediting the development process. Public water and sewer services are conveniently located at the roadside, significantly reducing infrastructure costs and streamlining construction. This prime location is ideally suited for a diverse range of commercial uses, including restaurants with ample space for indoor and outdoor seating, retail establishments benefiting from consistent customer traffic, or even a medical facility requiring convenient access for patients and staff. The proximity to Foxwoods Casino guarantees a steady stream of potential customers, making this a highly desirable location for businesses seeking to capitalize on the area's thriving economy. This versatile property offers an unparalleled opportunity for savvy investors and entrepreneurs to establish or expand their presence in a bustling commercial hub. Don't miss this chance to develop in one of the region's most sought-after locations. The asking price is $1,300,000. The property is located at 140 Preston Rd, Griswold, CT 06351.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Griswold, CTGriswold. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.