Empty Lot on Colman St For Sale

Vacant Land for Sale
Catylist Listing ID: 30517709
Property Subtypes: Office, Retail
Gross Land Area: 0.50 Acres
Sale Price: $500,000
Unit Price: $1,000,000 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/18/2019

Overview / Comments

Rare find – approximately ½ acre empty lot on Colman Street, only ¼ mile to I-95. Highly visible retail street with 11,800 ADT count. Numerous car dealerships, national food chains, auto service businesses and offices are on Colman St. Zone C-2 Commercial. Public Water/Sewer/Gas in the street. Approximately 150’ road frontage. Asking $500,000.

PERMITTED USES: Retail, Service, Restaurant, Office, Financial Institution…

BY SPECIAL PERMIT: Auto Sales and Repair, Rental, Fast Food, Wholesale Distribution, Self Storage…

DIRECTIONS:
I-95N Exit 82A. Slight right onto Vauxhill St. At end, turn right onto Colman St. On left.
I-95S Exit 83. Continue on Frontage Rd. Take exit to Colman St. Turn left onto Colman St. About ½ mile on left.

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Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: New London
Zoning: C-2 COMMERCIAL
Property Located Between: I-95 and New London's Automobile/Retail district
Property Visibility: Excellent
Feet of Frontage: 150
Traffic/Vehicle Count: 11,800
Highway Access: I-95 0.5 miles
Airports: Groton / New London 6.6 miles
Lot Frontage: 150
Zoning Description: C-2 Commercial
Topography: Level
Available Utilities: Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,915 54,292 91,675
Median Age: 30.79 33.63 37.59
Households: 3,632 19,933 35,807

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