69 New London Rd Salem, CT 06420-4020
- Commercial land
- 52.51 lot acres
Current Use by Public Records
- Commercial land
Property Details for 69 New London Rd
- Lot size
- 52.51 lot acres
- Zone code
- RU-A
- Property type
- Commercial land
- APN
- SALE M:05 B:021 L:000
- APU
- SALEM05B021L000
Description
This exceptional 52.51-acre commercial land parcel presents a unique investment opportunity in Salem, Connecticut. Strategically located on Route 85, boasting 354 feet of road frontage, this property enjoys a high visibility position with an average daily traffic count of 12,800 vehicles. Situated in the heart of Salem's business district, near Salem Four Corners, this HC (Highway Commercial) zoned land offers a wide range of permitted uses, including restaurants, offices, retail spaces, personal service businesses, and storage warehouses. By special permit, the possibilities expand to include shopping centers, banks, child day care centers, assisted living facilities, gas stations, and recreational facilities such as golf courses, bowling alleys, and health spas. Detailed zoning regulations are available upon request. The property requires the installation of a septic system and well. This is a significantly reduced price of $350,000. Easy access is provided via I-395, Exit 2, heading north on Route 85 approximately 7.5 miles. The property is located on the left, before the Salem Traffic Circle. Don't miss this chance to acquire a substantial piece of commercial real estate in a thriving Connecticut location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- New London
- State
- Connecticut
- Longitude
- -72.2621
- Latitude
- 41.47
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
