343R Old Colchester Road - Salem, CT

$350,000

Beds

0.00

Baths

SqFt

3.07

Acres

Pricing Insight: Originally listed for $350,000, the price has remained unchanged for approximately 581 days. This property has been on the market for approximately 581 days.

343R Old Colchester Road, Salem, CT is a 0-bed, 0-bath, N/A square foot home built in N/A .

This home is within the Salem school district. Local, with nearby schools including .

MLS #: 24027927

Offered Price: $350,000

Residence Type: Lots and Land

Architectural Style:

Living Area: 0 Sq. Ft.

Lot Size: 3.07 Acres

Neighborhood: Salem

County: New London

Year Built: 0

Design & Construction: N/A

Heating:

Cooling:

Garage Spaces: 0

Price per Sq Ft as listed: $350,000

Estimated Tax: $17,812

Days on Market: 581

Home Automation: Not specified

Energy Features: Not specified

Solar Contract: Not specified

Heating Fuel: Not specified

Fuel Type: Not specified

Fuel Tank Location: Not specified

Cooling System: Not specified

Hot Water System: Not specified

Air Radon Mitigation: Not specified

Water Radon Mitigation: Not specified

Price per square foot: $350,000 / Sq. Ft.

Tax assessed value: $589,800

Estimated Tax: $17,812

Architectural Style:

Design & Construction: N/A

Residence Type: Lots and Land

Year Constructed: 0

Living Area: 0 Sq. Ft.

Lot Size: 3.07 Acres

Fuel:

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AUTOMATED VALUATION ESTIMATE

Note: Computer-generated estimate, not an appraisal.

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Understanding This Valuation

The RPR AVM considers:

Recent sales of comparable properties
Property characteristics and location
Market trends in Salem
Statistical modeling algorithms

Local Market Context

Active Listings: 12

Average Price: $270,183

Average DOM: 581 days

Complimentary CMAs, no obligation

This is an awesome opportunity for you to run your business in a build to suit lease option. The other option, you can purchase the land to build your own building. Owner is looking to either build on this location and lease space or sell the land to a commercial/industrial developer. Great location as it is rural and there are not many options in the immediate area, leaving potential pretty much unlimited. This spot is close to colchester, but not far off route 82 or 85, also pretty close access to route 2.

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Flood Risk Assessment

Location Analysis:

Inland Salem location

Water Proximity:

No direct water access

Topography:

Standard terrain • 3.1 acres

Recommendations:

Consult FEMA Flood Maps for accurate zone info
Consider flood insurance based on professional assessment
Evaluate property drainage during inspection
Review local flood history with town officials

Risk Level: Low

Minimal flood risk indicators. Verify with FEMA flood maps.

Walkability Score: calculating…
Motif Lifestyle Score: calculating…

Amenity Access Summary

Dining & Café Access: Low to Moderate
Daily Services: Limited
Recreational Space: Limited Nearby

How These Scores Are Calculated

These scores reflect the proximity and concentration of nearby amenities, measured against a typical town-center environment.

Walkability emphasizes access to daily necessities such as groceries, pharmacies, banking, and routine services.
Motif Lifestyle emphasizes dining, cafés, parks, and leisure destinations that contribute to neighborhood character and quality of life.

All scores are normalized on a 0–100 scale to allow consistent comparison across different locations.

12

Homes For Sale

$270,183

Average List Price

Mechanicals & Utilities: Well Required water

Exterior Features

Lot Features: None

Utilities: Electric Available | Water: Well Required

Only motif connects you to a certified
"Local Market Expert"

Steve Simos

Real Estate Advisor

Salem • Connecticut Shoreline

Licensed Real Estate Agent – Connecticut

Verified Motif Advisor

(800) 555-0003

george@appzentric.com

Good evening Steve, I'm interested in
343R Old Colchester Road, Salem, Connecticut

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