249 Preston Rd - Commercial LAND FOR SALE


Griswold, CT 06351 2,656,724 SF
$8,500,000 USD
860-983-4282
249 Preston Rd, Griswold, CT for Sale
$8,500,000 USD
Commercial LAND - FOR SALE
1/1
2,656,724 SF

249 Preston Rd
Griswold, CT 06351


HIGHLIGHTS

  • Approved master plan that includes multifamily, senior housing and memory care, and commercial components
  • 32,000 SF of approved commercial space
  • A major infrastructure investment from the State of Connecticut totaling nearly $9 million
  • Flexibility within the approved site plan

OVERVIEW

Colliers is pleased to present the exclusive offering of Heritage River Village, a ±60.99-acre industrial development opportunity located in Griswold, Connecticut. Positioned directly off I-395 at Exit 22, the property is zoned Commercial, with a conceptual site plan site plan for two industrial buildings of 255,000 square feet and 265,000 square feet. Warehouse use is permitted in the zone via special exception, which has not yet been obtained, allowing a buyer to tailor the entitlement path to their specific development or user strategy. Located in the heart of Southeastern Connecticut’s growing logistics corridor, the site offers outstanding accessibility, public utility availability, and the potential to meet rising demand for modern industrial space. Heritage River Village represents a rare opportunity to develop large-format warehouse product in a high-barrier, supply-constrained market. Please visit www.heritagerivervillagect.com for a full offering memorandum and additional diligence information.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/ACRE

$139,367/AC

PRICE/SF

$3 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Heritage River Village Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Industrial, Multi-Family, Apartment Units, Apartment Units - Condo, Master Planned Community, Planned Unit Development

LAND ACRES

60.99 AC

LAND SF

2,656,724 SF

OFFSITE IMPROVEMENTS

-

ZONING

C

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

860-983-4282

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860-983-4282

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