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Upper Pattagansett Road/corner of Route 1 - Route 1 -East Lyme-next to Post Office 2.87 Acres of Commercial Land Offered at $209,388 CAD in East Lyme, CT 06333
INVESTMENT HIGHLIGHTS
- 300' frontage on Busy Route 1-Boston Post Road-, East Lyme
- just east of East Lyme Post Office & west of Flanders Four Corners
EXECUTIVE SUMMARY
Access would be with the 550' frontage of Upper Pattagansett Road on the east side of the parcel.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Taxes |
$104,708,409
|
$36,483,766.12
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$104,708,409
|
$36,483,766.12
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Taxes (CAD) | |
|---|---|
| Annual | $104,708,409 |
| Annual Per AC | $36,483,766.12 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $104,708,409 |
| Annual Per AC | $36,483,766.12 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot 1
| Price | $209,388 CAD | Lot Size | 2.87 AC |
| Price Per AC | $72,957.49 CAD |
| Price | $209,388 CAD |
| Price Per AC | $72,957.49 CAD |
| Lot Size | 2.87 AC |
2.8 Acre parcel w/301' frontage-Rte1-207 Boston Post Rd just east of the P. O. & west of busy 4 corners. Commercial in front & rear is residential-a condominium complex. Sewer in road;front portion not buildable w/good visibility & easy access.
DESCRIPTION
The 300+ ' road frontage on Route 1 with over 500+ ' frontage on Upper Pattagansett Road . The Subject land parcel is just east of the East Lyme Post Office and west of Flanders Four Corners. Sewer line recently done and the state took 2 feet of frontage to widen the road and provide better utilities to the site. However, access most likely makes sense from the corner yet terrific visibility on Route 1-Boston Post Road- offers great exposure for the busy traffic. No site plan approval yet but now SEWERS are in -Route 1 - with state widening the road and rebuilt a bridge over the stream - so ready for development - land lease/joint venture/build to suit /exchange or outright sale considered
PROPERTY TAXES
| Parcel Number | ELYM-003002-000065 | Total Assessment | $34,897 CAD (2025) |
| Land Assessment | $34,897 CAD (2025) | Annual Taxes | $104,708,409 CAD |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Presented by
Marc Gottesdiener & Co., Inc.
Upper Pattagansett Road/corner of Route 1 - Route 1 -East Lyme-next to Post Office
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