GVJ Preston

Vacant Land for Sale
Catylist Listing ID: 30419320
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Vacation/Resort, Other
Gross Land Area: 1.60 Acres
Sale Price: $1,400,000
Unit Price: $875,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/21/2019

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
Tax ID/APN: 22-0-2A-255
Property Located Between: Two of the largest casinos in the world
Property Visibility: Excellent
Legal Description: available
Largest Nearby Street: CT Route 2
Feet of Frontage: 185
Traffic/Vehicle Count: 15,000
Highway Access: Immediate access to Ct Route 2 & Interstate 395
Airports: Bradley and Green
Site Description: Slightly sloping
Area Description: Directly across the Thames River and adjacent to the Mohegan Tribes 400 Acre proposed development
Lot Frontage: 185
Lot Depth: 423
Zoning Description: Extremely permissive zoning known as The Thames River District and The Thames River Design Development Overlay District. See brochure for comprehensive information. All municipal utilities will be provided
Topography: Gently Sloping
Soil Type: Loam
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,593 21,624 61,450
Median Age: 44.27 38.31 39.62
Households: 1,037 7,981 23,829

Contact

© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither East Coast Commercial Property Network nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.