Prime Development Opportunity

Vacant Land for Lease
Catylist Listing ID: 30346182
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad
Gross Land Area: 3.01 Acres
Lease Rate: $150,000 (Annual)
$1.14 PSF (Annual)
Base Monthly Rent: $12,500
Lease Types: Undisclosed
Last Updated: 10/30/2018

Overview / Comments

O,R&L Commercial is pleased to present a Prime Development Opportunity on 3.01 acres at 450 New London Turnpike and 130 Douglas Road in the town center zone of Glastonbury, CT. The two lot site is For Sale at $3,000,000 or Land Lease at $150,000/yr. The site is level, with a slight slope, existing parking of 110 spaces, and two curb cuts available. Site improvements include: 6,100 SF Funeral Home, 1,200 SF Apartment, and 3,300 SF Two-Family House. The site provides easy access to Route 2 & Route 17 and a traffic count of 10,300 ADT.

Additional Details

Nearest MSA: Hartford-West Hartford-East Hartford
County: Hartford
Zoning: TOWN CENTER ZONE
Property Visibility: Excellent
Largest Nearby Street: New London Turnpike
Traffic/Vehicle Count: 10,300
Highway Access: Rt. 2 to Exit 7 to Rt. 17 S, exit for Glastonbury Center, merge onto New London Tpke, turn left onto Douglas Rd.
Site Description: The site is level, with a slight slope, existing parking of 110 spaces, and two curb cuts available. Site improvements include: 6,100 SF Funeral Home, 1,200 SF Apartment, and 3,300 SF Two-Family House. The site provides easy access to Route 2 & Route 17 and a traffic count of 10,300 ADT.
Area Description: Well located property is walkable to a mix of retailers, restaurants, condominiums, apartments and more.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,877 51,013 206,766
Median Age: 43.75 43.38 37.76
Households: 1,960 21,243 81,445

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