225 Parum Rd Colchester, CT 06415
Property profile & analytics
225 Parum Rd Colchester, CT 06415
- Commercial land
- 45.65 lot acres
Property ID
US15-0928427
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Colchester
- County
- New London
- State
- Connecticut
- Longitude
- -72.3103
- Latitude
- 41.5641
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$43,555
$1,600,100
$0.00
$1,600,100
-
$0.00
$0.00
$0.00
