207 Boston Post RdEast Lyme, CT 06333

  • Land
  • 2.72 AC
For Sale
$150,000 View listing

Property Details for 207 Boston Post Rd

Lot size
2.72 AC
Zone code
CA
Property type
Land
Property subtype
Commercial land
APN
ELYM M:030.2 B:00065 L:00000
APU
ELYMM0302B00065L00000

Description

This exceptional 2.72-2.87 acre commercial land parcel presents a unique investment opportunity in East Lyme, Connecticut. Located at 207 Boston Post Rd, 06333, this property boasts 300 feet of frontage on the highly trafficked Boston Post Road (Route 1) and an additional 550 feet of frontage on Upper Pattagansett Road, creating a wide corner lot with exceptional visibility. Situated just east of the East Lyme Post Office and less than half a mile from Flanders Four Corners, the property benefits from its location amidst existing retail businesses. The land is zoned for commercial use within the commercial district-CA. Sewer access is readily available, and recent state road improvements, including a new bridge, have significantly enhanced accessibility and visibility. The property's ideal location and improved infrastructure create numerous commercial development possibilities. A 10-year lease option is available at $1000/month. The asking price is $150,000. The property's APN is Map 30.2 Lot 65. Ownership is held by Marc Gottesdiener and family of Audra Winston.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $22,439,596
    Hospitality
    $20,554,548
    Educational
    $17,101,144
    Medical
    $17,689,278
    Retail
    $26,601,778
207 Boston Post Rd, East Lyme, Connecticut

Location Insight

City
East Lyme
County
New London
State
Connecticut
Latitude
41.3686
Longitude
-72.2199
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
2024
$655
$24,850
-
$24,850
-
-
-
-

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