140 Preston RdGriswold, CT 06351

Property Details for 140 Preston Rd

Lot size

4.99 AC

Zone code

C-1

Property type

Land

Property subtype

Commercial land

APN

GRIS M:45 B:95 L:22

APU

GRISM45B95L22

Description

This exceptional 4.99-acre commercial land parcel presents a remarkable investment opportunity in Griswold, Connecticut. Strategically located on Route 164, a main thoroughfare to the renowned Foxwoods Casino, this property boasts exceptional visibility and high traffic counts, ensuring maximum exposure for any commercial venture. The level lot is already at finished grade, eliminating costly site preparation and expediting the development process. Public water and sewer services are conveniently located at the roadside, significantly reducing infrastructure costs and streamlining construction. This prime location is ideally suited for a diverse range of commercial uses, including restaurants with ample space for indoor and outdoor seating, retail establishments benefiting from consistent customer traffic, or even a medical facility requiring convenient access for patients and staff. The proximity to Foxwoods Casino guarantees a steady stream of potential customers, making this a highly desirable location for businesses seeking to capitalize on the area's thriving economy. This versatile property offers an unparalleled opportunity for savvy investors and entrepreneurs to establish or expand their presence in a bustling commercial hub. Don't miss this chance to develop in one of the region's most sought-after locations. The asking price is $1,300,000. The property is located at 140 Preston Rd, Griswold, CT 06351.

• Alternative Use

  Use

  Valuation

  Residential

  $41,133,772

  Hospitality

  $37,678,312

  Educational

  $31,347,914

  Medical

  $32,426,016

  Retail

  $48,763,420

Location Insight

City

Griswold

County

New London

State

Connecticut

Latitude

41.5883

Longitude

-71.9749

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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