110 River RdGriswold, CT 06351
- Other commercial real estate
- 3,099 SF
Property Details for 110 River Rd
- Year built
- 1975
- Construction
- FRAME
- Lot size
- 2.20 AC
- Property size (Sq ft)
- 3,099 SF
- Zone code
- C3
- Property type
- Other commercial real estate
- Property subtype
- Showrooms
- APN
- LISB M:20 B:007 L:0000
- APU
- LISBM20B007L0000
Description
This exceptional 5.1-acre commercial land parcel presents a remarkable investment opportunity in Lisbon, Connecticut. Strategically located at a full interchange of I-395, this property boasts unparalleled visibility to a high volume of daily traffic. Its prime location within a thriving business and retail area, adjacent to a major regional power center featuring numerous national retailers, ensures high foot traffic and strong consumer demographics. The site is zoned for General Commercial use, offering flexibility for a wide range of development projects. Potential uses include fast-food restaurants, retail establishments, or medical facilities. All utilities are readily available, simplifying the development process and minimizing upfront costs. The asking price is $1,200,000, translating to $272,000 per acre, reflecting the property's exceptional location and development potential. The address is 110 River Rd, Lisbon, CT 06351, situated in New London County. This property offers a unique chance to capitalize on a high-demand location with excellent visibility and accessibility. Don't miss this opportunity to secure a prime commercial development site in a rapidly growing area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $753,165
- 6.5%
- $695,229
- 7%
- $645,570
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,020,387
- Geo Method
- $1,020,387
-
Alternative Use
- Use
- Valuation
- Residential
- $586,452
- Hospitality
- $537,187
- Educational
- $446,933
- Medical
- $462,304
- Retail
- $695,229
Location Insight
- City
- Lisbon
- County
- New London
- State
- Connecticut
- Latitude
- 41.5908
- Longitude
- -71.9891
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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