2
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$375,000
Est. payment /mo
1 Bath
0.42 Acres Lot
Active
554 Pond Road Franklin, CT 06254
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24177503
Half Baths 1
Year Built 1950
Annual Tax Amount $4,373
Lot Size 0.420 Acres
Property Description
554 Pond Rd is a commercial building built in 1970 on .42 acres. It is C2 zoning and has an upgraded electrical system (2024), private well and septic system and a new roof on the east wing (2024). Daily traffic is 2,037 vehicles with 11,164 vehicles on Rt 32 about 1/4 mile. The commercial building has 14 bays plus an office and is a great opportunity for commercial flex rentals. Included is a separate deeded property 557 Pond Rd across the street on 5.49 acres of open land offering an excellent low cost high cash flow self storage facility opportunity. Think no need for water, septic, heat. Electricity available for lighting and security. Demand is high. Pond on rear of this property. Combined market value is $481,560. for both properties based on town appraisal.
Location
State CT
County New London
Zoning C-2
Interior
Heating Other
Cooling None
Flooring Concrete
Exterior
Exterior Feature Doors - 10-15 ft
Utilities Available Electric
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Story 1
Foundation Concrete
Sewer Septic
Water Private Well
Listed by Ernie Lacore • Compass Connecticut, LLC
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