A Rare Opportunity in Norwich, CT: 75.6 Acres of Prime Land for Sale Overlooking 3 Rivers
A Golden Opportunity
Nestled in the picturesque city of Norwich, Connecticut, this extraordinary real estate offering at 76 Spruce Street stands as a golden opportunity for land seekers, investors, and developers alike. Priced at a competitive $450,000, this expansive property spans 75.6 acres and provides breathtaking views of three converging rivers—the Shetucket, the Yantic, and the Thames.
Overview of the Property
Located in the New London County region, the property boasts considerable elevation ranging from 40 to 240 feet, offering diverse topographical advantages and views that are simply unparalleled. The land comes with mature trees, adding to its natural beauty and providing a serene, woodland aesthetic. Practically speaking, the property is well-appointed with necessary amenities, including paved road access, power, internet, water, sewer, and natural gas lines at multiple locations along the property. This ease of access to essential utilities makes it an attractive option for a variety of development possibilities.
Prime Location Benefits
Norwich, often referred to as "The Rose of New England," blends historical charm with modern conveniences. It has a population of approximately 40,000 residents who enjoy a rich cultural and historical tapestry. For water enthusiasts, this property offers a unique situation where three rivers converge. The Thames River offers direct passage southward to Long Island Sound, about 15 miles away. From there, the Atlantic Ocean is your gateway, providing a multitude of recreational opportunities. Imagine the potential for riverside developments, marinas, or simply the joy of living near nature's water routes.
Economic and Employment Prospects
Another compelling aspect of 76 Spruce Street is its proximity to thriving industrial and employment hubs. Electric Boat, a notable local employer, has already hired 5,300 workers in 2023 and has plans to hire an additional 5,000 in the coming year. This surge in employment not only highlights the area's economic vitality but also translates into a greater demand for housing and related infrastructure. For developers and investors, this trend underscores a lucrative opportunity to capitalize on housing developments that cater to this growing workforce.
Property Details
- Parcel Size: 75.6 Acres M/L
- LANDIO Property ID: CT_New-London_00002
- Elevation: 40 - 240 feet
- Title: Free & Clear
- Conveyance: Warranty Deed
Investment Potential
Properties of this scale and in such prime locations are incredibly rare. Whether you are considering residential development, commercial ventures, or simply securing a significant parcel of land in a flourishing area, this property checks all the boxes. The combination of scenic beauty, utility readiness, and proximity to dynamic economic hubs makes 76 Spruce Street an unmissable investment opportunity.
Conclusion
With a listing price of $450,000, acquiring this remarkable 75.6-acre property in Norwich, CT, offers an exceptional blend of natural beauty, utilitarian readiness, and economic promise. Don't miss the chance to be a part of this unique landscape. Whether you envision a residential community, commercial space, or a private retreat, 76 Spruce Street awaits your vision and ambition.
For more details or to schedule a visit, contact us today and seize this rare opportunity before it’s gone!
