www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31757211
31757212

38 Elm St, Windham, CT 06226

AP
REB.0794486
$499,000
56 days on market
Updated 56 days ago

38 Elm St

Details
APN 14/3 121/8/4
Property Type Land
Sub Type Commercial
Price Per Acre $453,636
Broker Co-Op Yes
Acreage 1.100
Zoning B3 Business District

Land | 1.1 acres

Marketing description

Strategically positioned commercial pad site located just off Main Street, directly adjacent to established national retail (Family Dollar), offering immediate access to a proven traffic corridor and consumer base. This ±1.1-acre parcel is part of a coordinated commercial development and benefits from a recorded Reciprocal Easement Agreement providing perpetual vehicular and pedestrian ingress and egress, including full access for delivery and service vehicles. The site is not landlocked — access, circulation, and functionality have already been legally established and engineered.

Positioned behind a successful national retailer that sold for $1.99M, this property represents the logical next phase of development within an already activated retail environment. The surrounding infrastructure, shared access system, and prior planning significantly reduce typical development hurdles, making this an ideal opportunity for investors or developers seeking a well-located, low-friction commercial site. The parcel offers strong flexibility for a range of commercial uses including service retail, medical, office, or complementary retail, all supported by existing traffic flow and site integration. Opportunities to acquire a secondary commercial pad with established access and adjacency to national tenancy are increasingly limited, particularly at this price point. The property presents a compelling value relative to nearby land sales and delivers meaningful upside potential for the next owner looking to capitalize on an already proven location.

Investment highlights

  • ±1.1 Acre Commercial Pad Site positioned directly off Main Street
  • Adjacent to National Retail (Family Dollar) with proven consumer traffic
  • Recorded Reciprocal Easement Agreement providing full vehicular and pedestrian access
  • Not Landlocked – Legal Ingress/Egress Fully Established
  • Designed as Part of a Coordinated Commercial Development
  • Shared Access, Circulation, and Infrastructure Already in Place
  • Supports Delivery and Service Vehicles (Truck Accessible)
  • Reduced Development Risk with Existing Site Planning and Approvals
  • Flexible Commercial Use Potential (Retail, Medical, Office, Service)
  • Located Within an Active Retail Corridor with Established Tenancy
  • Offered at ~$454K Per Acre – Competitive Entry Point
  • Strong Upside Potential Within Proven Retail Environment
  • Ideal for Developers Seeking Low-Friction Site with Existing Access

Listing Contacts

AP
REB.0794486

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591