Technical
Financial
Distress signals
Property profile

140 Preston Rd Griswold, CT 06351

OFF-MARKET
Commercial land
Property ID
US15-1245635
4.99 ac lot
Trust Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 4.99 ac (217,364 SF)
Zoning code C-1
APN GRIS M:45 B:95 L:22
UPID US15-1245635

Cap rate & NOI

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

Location

140 Preston Rd Griswold, CT 06351-2631
Griswold metro Census 709100 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2020
Last sale
$325,000
7 recorded transactions
2020
$325,000
2016
Price N/A
2011
Price N/A
2011
Price N/A
2010
$800,000
2010
Price N/A
2009
$1

Zoning & alternative use

C-1 · Griswold, CT

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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