225 Parum Rd Colchester, CT 06415

Property Details for 225 Parum Rd

Lot size

45.65 lot acres

Zone code

FD

Property type

Commercial land

APN

COLC M:003 B:009 L:008-000

APU

COLCM003B009L008000

Description

This exceptional 72.3-acre mixed-use property in Colchester, Connecticut, presents a significant investment opportunity. Located in New London County, this offering comprises three parcels zoned C. The largest parcel, situated on Parum Road, encompasses 45.65 acres and includes a substantial 2,310 square foot commercial building, ideal for redevelopment or continued use. A second parcel on Parum Road adds another 0.48 acres with a 1,038 square foot commercial building. Finally, a 26.17-acre parcel of raw land on Chestnut Hill Road offers considerable potential for future development. The combined acreage provides ample space for a variety of commercial ventures, benefiting from its strategic location in southeastern Connecticut. The asking price for this expansive property is $7,000,000. This is a rare opportunity to acquire a large-scale commercial property with existing structures and significant undeveloped land, allowing for diverse development possibilities and substantial future returns. The property's zoning designation allows for a wide range of commercial uses, making it an attractive investment for developers and entrepreneurs alike. The existing buildings offer immediate income potential or the possibility of renovation and expansion. The significant acreage of undeveloped land provides ample room for future construction and expansion, catering to a variety of commercial needs. This property is ideally suited for investors seeking a substantial land holding with immediate income potential and long-term growth prospects.