69 New London RdSalem, CT 06420

Property Details for 69 New London Rd

Lot size

52.51 AC

Zone code

RU-A

Property type

Land

Property subtype

Commercial land

APN

SALE M:05 B:021 L:000

APU

SALEM05B021L000

Description

This exceptional 52.51-acre commercial land parcel presents a unique investment opportunity in Salem, Connecticut. Strategically located on Route 85, boasting 354 feet of road frontage, this property enjoys a high visibility position with an average daily traffic count of 12,800 vehicles. Situated in the heart of Salem's business district, near Salem Four Corners, this HC (Highway Commercial) zoned land offers a wide range of permitted uses, including restaurants, offices, retail spaces, personal service businesses, and storage warehouses. By special permit, the possibilities expand to include shopping centers, banks, child day care centers, assisted living facilities, gas stations, and recreational facilities such as golf courses, bowling alleys, and health spas. Detailed zoning regulations are available upon request. The property requires the installation of a septic system and well. This is a significantly reduced price of $350,000. Easy access is provided via I-395, Exit 2, heading north on Route 85 approximately 7.5 miles. The property is located on the left, before the Salem Traffic Circle. Don't miss this chance to acquire a substantial piece of commercial real estate in a thriving Connecticut location.

Location Insight

City

Salem

County

New London

State

Connecticut

Latitude

41.47

Longitude

-72.2621

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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