RICE ESTATE

Vacant Land for Sale
Catylist Listing ID: 30423921
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Other
Gross Land Area: 16.60 Acres
Sale Price: $900,000
Unit Price: $54,216 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/21/2019

Overview / Comments

This is a "sleeper" property in the midst of one of Connecticut's major retail areas. Present zoning (I-MF) does not permit retail, new zoning may. Present zoning will permit as many as 133 Multifamily Units as well as industrial and many other uses. TARGET may permit a cross easement. Minutes to I-95 and I-395 Traffic count: 24,000 ADT.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 0288900
Property Located Between: New London and Colchester
Property Visibility: Excellent
Largest Nearby Street: Route 85
Feet of Frontage: 434
Traffic/Vehicle Count: 24,000
Highway Access: Minutes to Interstates 95 and 395
Airports: Bradley and Green
Site Description: Wooded, rolling with brook.
Area Description: Major retail corridor.
Lot Frontage: 434
Lot Depth: 8oo+/-
Zoning Description: I-MF, permitting light industrial, some retail, multifamily.
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, 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: 915 34,794 94,754
Median Age: 42.8 38.36 37.73
Households: 362 13,235 35,331

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