NOMADEReal Estate

$375,000

Active

554 Pond Road

Franklin, Connecticut, 06254 · New London County

0

Beds

1

Baths

0

Sq Ft

1950

Built

MLS # 24177503

0

Property Type

Commercial For Sale

Lot Size

0.42

Class

Property

About This Property

554 Pond Rd is a commercial building built in 1970 on .42 acres. It is C2 zoning and has an upgraded 200 amp electrical system (2024), private well and septic system and a new roof (2024). Daily traffic is 2,037 vehicles with 11,164 vehicles on Rt 32 about 1/4 mile. The commercial building has 13 bays plus an office and is a great opportunity for commercial rentals, Last market valuation was $294,000 and current CMA $298,060. WHAT's GREAT. Across the street is a separate deeded property 557 Pond Rd on 5.49 acres of open land offering an excellent low cost high cash flow self storage facility. No need for water, septic, heat. Electricity available for lighting and security. Demand is high. Pond on rear of the property. Last market value was $193,500 and current CMA $193,500. Combined market value is $481,560. for both properties. Great asking price of $375,000. Offers on one or both properties is available. Possible some limited owner financing. BRING ALL OFFERS.

Property Details

554 Pond Road, Franklin Connecticut 06254 — Commercial For Sale listed at $375,000.

At a Glance

0

Bedrooms

1

Bathrooms

--

Sq Ft

0.42

Lot Size

--

Garage

1950

Year Built

The Details

Property TypeCommercial For Sale
NeighborhoodNew London
Address554 Pond Road
MLS Number24177503
Year Built1950
Lot Size0.42
Bedrooms0
Bathrooms1
Water SourcePrivate Well

Property Details

Property Features

ADACompliant YN1
Cooling SystemNone
Exterior FeaturesDoors - 10-15 ft
FlooringConcrete
Foundation TypeConcrete
Heat TypeOther
Roof InformationAsphalt Shingle

Financial

Assessed Value205800
Mil Rate Total21.25
Property Tax4373
Tax YearJuly 2025-June 2026

Location & Community

DirectionsRt 2 then onto Rt 32 north to Pond Rd on left in North Franklin
LocationRural
NeighborhoodNorth Franklin

Affordability Calculator

$375,000

Down Payment$75,000
Loan Amount$300,000
Principal & Interest$1,896/mo
Property Tax$375/mo
Insurance$100/mo
Est. Monthly$2,371/mo

Listing Agent

E

Ernie Lacore

Compass Connecticut, LLC

Contact Ernie Lacore

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Quick Facts

StatusActive
TypeCommercial For Sale
ClassProperty
MLS #24177503
Last Updated2026-05-21