110 River RdGriswold, CT 06351

  • Other commercial real estate
  • 3,099 SF
For Sale
$1,200,000 View listing

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
110 River Rd, Griswold, Connecticut

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

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
$5,819
$144,200
$84,610
$228,810
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-
-
-

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