566 Colman StNew London, CT 06320
- Land
- 4,756 SF
Property Details for 566 Colman St
- Construction
- WOOD FRAME
- Lot size
- 0.94 AC
- Property size (Sq ft)
- 4,756 SF
- Property type
- Land
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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