57 Nw Corner Rd - Specialty FOR SALE


Preston, CT 06365
$7,750,000 USD
860-884-6003
57 Nw Corner Rd, Preston, CT for Sale
$7,750,000 USD
Specialty - FOR SALE
1/40
null | Request Cap Rate

57 Nw Corner Rd
Preston, CT 06365


HIGHLIGHTS

  • Unique property with business potential.
  • Beautiful setting.

OVERVIEW

Maple Lane Farms is a unique, one of a kind, property and potential business opportunity consisting of approximately 225 contiguous acres with approximately 114 acres located in the town of Preston and approximately 111 acres located in the town of North Stonington. The property's improvements include: a c. 1993 Cape Cod style single family home; a c. 1791 Antique Colonial style residence (the "Inn"); a c. 1997 Banquet Building (the "Barn"); a commercial grade greenhouse and 3 additional equipment & storage barns / sheds - all of which are in very good condition. The Cape Cod style residence has 3 bedrooms, 2.5 baths, an open floor plan, cathedral ceilings and a 3 car attached garage. The Inn is a permitted "Historic Country Inn" with 6 bedrooms, 3.5 baths, sleeps up to 12 guests, plus a detached garage with an auxiliary apartment. The Barn is a post & beam style event venue providing approximately 2,000 sq ft of indoor space boasting elegant chandeliers, exposed wooden pillars, heat & A/C, loading dock & prep area for caterers, a stone patio, pergola, large lawn, and pond allow for outdoor activities as well. The approximately 8,000 sq ft hydroponic greenhouse is currently set up and growing hydroponic Bibb lettuce that is being sold to fine grocery stores and food distributors. The property includes a wide array of landscape types & terrain roughly 50% is a mix of open meadow, tree plantations - which has allowed the operation of a 50 acre Christmas tree farm selling 2000-4000 holiday trees per year for the past 45 years, developed/parking areas and maintained lawns. The remaining 40 acres of open fields along with a mix of mostly deciduous wooded uplands and wooded wetlands. The property includes extensive public road frontage that could be used for development. There are several aspects to the property that could be expanded including weddings, agriculture, farming, and vacation rentals. Multiple buildings/homes are included. Please call for details.

FOR SALE DETAILS

PRICE

$7,750,000 USD

PRICE/SF

$792 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maple Lane Farms

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1791

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

225 AC

LAND SF

9,801,000 SF

ZONING

R60, R80

APN/PARCEL ID

PRES-000130-N000002OR000057

ASK ABOUT THIS PROPERTY

Thomas SwitzSwitz Real Estate Associate, Inc.More Info
860-884-6003

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Thomas SwitzSwitz Real Estate Associate, Inc.More Info
860-884-6003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.