566 Colman StNew London, CT 06320

Property Details for 566 Colman St

Construction

WOOD FRAME

Lot size

0.94 AC

Property size (Sq ft)

4,756 SF

Property type

Commercial land

APN

NLON M:C08 B:0260 L:0012

APU

NLONMC08B0260L0012

Description

This 0.94-acre commercial lot in New London, Connecticut, presents a unique investment opportunity. Located on Colman Street, this property boasts a prime location within a high-traffic area, averaging approximately 12,000 vehicles daily. The lot is fully paved, well-lit, and features properly installed drainage, ensuring ease of use and maintenance. With a capacity for 150 parking spaces, this property is ideal for a variety of commercial uses. The property is zoned C-2, offering flexibility for potential development. Previously environmentally assessed, this lot is ready for immediate use or development. Its strategic location amongst car dealerships and fast-food establishments guarantees high visibility and accessibility. The asking price is $1,199,000. The property is currently available for sale. Prior lease agreements have expired.

• Alternative Use

  Use

  Valuation

  Residential

  $900,021

  Hospitality

  $824,415

  Educational

  $685,903

  Medical

  $709,493

  Retail

  $1,066,961

Location Insight

City

New London

County

New London

State

Connecticut

Latitude

41.3657

Longitude

-72.117

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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