496&498 New London Road, Salem, CT 06420

Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
496&498 New London Road,Salem, CT 06420
$574,900
  • 53.9 Acres
  • Lots / Land
  • Active
Listed by: ron bates(860) 447-8839
Office: signature properties of neweng
MLS#:24144270
Source:CT

Price summary

  • Price:$574,900

About this home

Pull permits and start building Lot 1 approved for 24 units in phases. Two lots with approvals in place. Lot 1 496 New London Road on the corner of Woodchuck Road consists of 35.1 acres with approvals in place for 24 units, apartments or condominiums (preliminary building plans available) and Lot 2 on Woodchuck Road (address 498 New London Road), an 18.8-acre parcel approved for a single-family residence for which seller was verbally told by surveyor there is possible potential for another 8-12 units. Boundaries marked in field by surveyor, bond in place, and mylars recorded at Salem town hall. Located near several subdivisions featuring some of Salem's largest and most expensive homes. Private setting with rural feel yet minutes to everything. Convenient to Salem 4-corners for gas, restaurants, ice cream, and local shopping. Easy access to Route 11 to Route 2 and Hartford as well as I95 to Groton Subbase, General Dynamics (Electric Boat), and Pfizer. Minutes to New London, Waterford,

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Home facts

  • Listing ID #:24144270
  • Added:7 day(s) ago
  • Updated:December 18, 2025 at 05:43 AM

Structure and exterior

  • Lot area:53.9 Acres

Schools

  • High school:East Lyme
  • Middle school:Salem
  • Elementary school:Salem

Utilities

  • Water:Well Required

Finances and disclosures

  • Price:$574,900
  • Tax amount:$7,934 (July 2025-June 2026)
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