Kross Estate

Vacant Land for Sale
Catylist Listing ID: 30423077
Property Subtypes: Hospitality, Industrial, Office, Other
Gross Land Area: 21.48 Acres
Sale Price: $1,500,000
Unit Price: $69,832 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2019

Overview / Comments


The site enjoys extensive interstate frontage:entry ramp to I 95 north is 400 feet and toI 95 south is 1 mile. All utilities nearby. The Waterford Park South corridor (the continuance of Gurley Road) has seen significant expansion over the past two years including the new construction of a 70,000 square-foot Coca-Cola distribution facility, the Lawrence and Memorial Hospital's cancer center, and a large medical professional building. Major retailers within a 3 mile radius include Walmart Supercenter, Lowes, BJ's Wholesale Club, Home Depot, the regional Crystal Mall, the Olive Garden, Best Buy, Dicks, Panera Bread, and others. Major employers within a 10 mile drive include General Dynamics, The US Submarine Base,and Pfizer's Global Research Headquarters. Universities within a 10 minute drive include Connecticut College, US Coast Guard Academy, and Mitchell College. The two largest casinos in the world, Foxwoods and Mohegan Sun, are a 20 minute drive. Zoned I P for multiple development opportunities:zoning uses include business offices, shipping terminals, warehousing and storage, medical clinics, restaurants, hotels and motels,sports club facilities. New zoning regulations will allow for greatly expanded use categories, most notably General Retail.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 0281000
Zoning: GENERAL INDUSTRIAL PARK IP-1
Property Located Between: New London and East Lyme
Property Visibility: Excellent
Largest Nearby Street: I-95
Feet of Frontage: 1,650
Traffic/Vehicle Count: 120,000
Highway Access: A minute to Interstate 95 with extensive frontage on same
Airports: Bradley and Green
Site Description: Flat, sloping, treed.
Area Description: Major retail/Industrial hub of Southeastern CT
Zoning Description: See enclosure
Topography: Other
Available Utilities: Electric, Cable
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 21,232 71,536
Median Age: 44.46 40.78
Households: 7,846 27,614

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