Vacant Land for Sale
Catylist Listing ID: 30386595
Property Subtypes: Hospitality, Multi-Family, Retail, Retail-Pad, Vacation/Resort, Other
Gross Land Area: 16.59 Acres
Sale Price: $14,900,000
Unit Price: $898,131 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 3/8/2019

Overview / Comments

WORLD CLASS development parcel adjacent to MOHEGAN DEVELOPMENT PARCEL. New zoning regs will permit numerous and wide ranging uses. Traffic is expected to double from the existing count of ~15,000 cars per day. THIS IS A LAND SALE: An existing house on property may be rented while awaiting development ( N.B. The house is a tear down and the property is being sold "as is"). Directly across the Thames River from the Mohegan Sun. This is one of a few parcels available to take advantage of new zoning regs outside the 388 acre Mohegan development.

Attachments & Media

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Preston, CT
Tax ID/APN: 22-0-12-71
Property Located Between: Intersection of Routes 2A and 12
Property Visibility: Excellent
Largest Nearby Street: Route 12
Feet of Frontage: 50
Traffic/Vehicle Count: 15,000
Highway Access: Interstate 395 via route 2: 3 miles; Interstate 95: 7 miles
Airports: Bradley International 1 hour
Site Description: Approximately 14 usable acres; mostly flat; visible to Route 12 and adjacent to Mohegan Sun's 400 acre development project.
Area Description: For a comprehensive description of the area, please see the available multi-page brochure and video. These two marketing pieces will also describe an additional four adjacent parcels that are for sale, with the total available acreage of 25+/- ACRES.
Zoning Description: Special Thames River Design Development District (STRDDOD). See brochure for a full description of this unique zone.
Topography: Level
Soil Type: Loam
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,181 19,604 61,450
Median Age: 41.65 38.81 39.62
Households: 433 7,221 23,829


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