750 Norwich Rd Plainfield, CT 06374
This exceptional 0.87-acre parcel at 750 Norwich Rd, Plainfield, CT, 06374, is offered for sale at $550,000. Zoned C-2 Commercial, it boasts a highly visible location at a signalized intersection, minutes from Route 395. The property includes a 20,900 square foot lot and already has approval for a two-story, climate-controlled self-storage facility totaling 20,900 square feet (10,450 sq ft per floor). This presents an immediate development opportunity with significant potential for high returns. Its strategic location near a major highway and the upcoming 1 million square foot Amazon warehouse promises increased traffic and economic growth, making it an attractive investment for various commercial ventures. The property's versatility allows for multiple uses, catering to a wide range of business needs, from retail to commercial enterprises. This is a rare opportunity to acquire a prime commercial lot in a rapidly developing area with excellent visibility and accessibility. The asking price is $550,000, with a price per square foot of $26.32. Don't miss this chance to capitalize on the growth and potential of this thriving Connecticut community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.