110 River RdGriswold, CT 06351

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

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.

• 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

FAQs

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