496&498 New London Road Salem, CT $ 574,900
496&498 New London Road
$ 574,900
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496&498 New London Road

Salem, CT, 06420
$ 574,900
Baths0.0

Monthly Estimate*

$ 3,587

496&498 New London Road, Salem, CT 06420 - Image 1
496&498 New London Road, Salem, CT 06420 - Image 2
Studio

Lots and Land for sale in Salem, CT

for $574,900. The lot size is 53.9.

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, Groton, and Colchester for the shopping, restaurants, and entertainment they offer. Close to Gardner Lake for swimming, boating, and fishing. Convenient to several golf courses, state parks, lakes, stables for boarding your horses and/or riding and much more.

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Lots and Land Coming Soon

Price

$ 574,900

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 7,934

Style

Lot Size

53.9

Town/City

Salem

MLS | Web ID

24144270

Features
General
Zoning RU-A
Neighborhood N/A
County New London
Tax Year July 2025-June 2026
Location Highway Access Suburban
Property Type Lots and Land For Sale
Status Coming Soon
Acres 53.9
Directions GPS Friendly. Located on the corner of New London Road (Route 85) and Woodchuck Road.
High School East Lyme
City Salem
Elementary School Salem
Sq Ft Total 0
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Interior
Utilities Available Electric Available Phone Available
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Exterior
Water Source Well Required
Lot Improvements Lot Staked
Lot Description Corner Lot Some Wetlands Lightly Wooded Level Lot Sloping Lot Rolling
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* Excluded Features
List By
Ron Bates

Listing Agent

Signature Properties Of Neweng

Broker

RonBates4realestate@gmail.com

Email

Affordability Calculator

$4,248
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,587
Monthly Property Taxes
$661
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3042542 Elementary School
897564 Middle School
East Lyme High School High School
Pricing History
DatePricePrice ChangeDescription
12/11/2025$574,900 Listed Price

Map


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496&498 New London Road, Salem, CT, 06420 is a Lots and Land for sale at $574,900 with a lot size of 53.9. 496&498 New London Road is a studio with 0.0 baths. The property's zip code is 06420 which is in Salem, CT