INVESTOR ALERT - Prime Commercial Land with wide array of zoning options including DRIVE THRU Positioned for exceptional visibility and access, this 1.66-acre parcel of prime commercial land sits just off Interstate 95, with 450+ feet of frontage along I-95 Exit 74 Northbound on-ramp and 300+ feet along King Arthur Drive. The site offers excellent utility infrastructure-including electric, telephone, cable, natural gas, municipal water and sewer-along with streetlights, hydrants, storm drainage, sidewalks and curbs already in place. The property provides ample space for parking and development flexibility, supported by a daily traffic count of 16,500 vehicles on Flanders Road. Surrounded by National and Regional commercial growth including Costco, Stop & Shop, Starbucks, Dollar General, and The Sound and Cove at Gateway Commons, reinforcing the area's strong economic momentum. Zoning regulations allow for a wide range of uses, including but not limited to, drive-thru operations, business offices, hotel, retail, personal care, childcare, private education, indoor recreation, veterinary clinic, car wash and more. Whether for investment or development, this high-exposure, well-suited parcel delivers an exceptional opportunity in a fast-growing commercial corridor.
| Mls Number: | 24144796 |
|---|---|
| List Price: | $899,000 |
| Property Type: | Lot & Land |
| Property Sub Type: | Commercial Land |
| Property Tax: | $17,113 |
| Acres: | 1.66 |
| City: | East Lyme |
| County Or Parish: | New London |
| Postal Code: | 06333 |
| Basement Description: | No |
| Directions: | Interstate 95 North to Exit 74 - CT Rt 161. Right off exit, left on King Arthur Blvd |
| Encumbrances Restrictions: | Easements |
| Location: | Highway Access, Retail Corridor |
| Lot Improvements: | Curbs & Gutters, Curb Cut(s), Sidewalk, Storm Drain(s) |
| Original List Price: | $899,000 |
| Road Frontage Description: | 450 |
| Sewage System: | Public Sewer In Street |
| Tax Year: | July 2025-June 2026 |
| Waterfront Description: | Not Applicable |
| Water Source: | Public Water In Street |
| Zoning: | CA Commercial |
| Acres Source: | Approximate |
| Agent Owner Yn: | No |
| Status: | Under Contract Cont. to Show |
| Assessed Value: | $609,000 |
| Comp Only Manual Yn: | No |
| Current Price: | $899,000.00 |
| Date Cont To Show: | 2026-05-22T04:00:00 |
| Display Fair Market Value Yn: | No |
| Documents Available: | Appraisal, Legal Description, Percolation Test, Plot Plan/Survey, Property Disclosure, Site Plan Approval, Soil Survey, Zoning Approval |
| Flood Zone Yn: | No |
| Listing Contract Date: | 2025-12-19 |
| Lot Description: | Corner Lot, Sloping Lot, Cleared |
| Lots Number Of: | 1 |
| Mil Rate Total: | $28.10 |
| Status: | Under Contract - Continue to Show |
| Nearby Amenities: | Commuter Bus, Medical Facilities, Shopping/Mall |
| Occupied By: | Vacant |
| Parcel Number: | 999999999 |
| Possession Availability: | immediate |
| Potential Short Sale: | No |
| Preferred Phone: | (860) 202-0693 |
| Price: | $899,000 |
| Road Frontage Description: | Interstate Highway, State Road, Paved Road |
| Sign Yn: | Yes |
| Subdividable Ynu: | No |
| Under Agreement Yn: | No |
| Utilities Available: | Cable Available, Electric Available, Gas Available, Phone Available |
Listing Courtesy of: William Raveis Real Estate
Listing Agent: Joe Wren
(860) 202-0693
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Smart MLS Inc. data last updated on October 08, 2026 05:24 PM - ET
Property Last Updated: October 08, 2026 05:24 PM - ET
