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89 Canterbury Turnpike

Norwich, Connecticut 06360

PENDING$420,000
Beds
0
Baths
0
SqFt
Acres
25.27
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

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About This Home

Presenting a prime 25.27-acre parcel currently undergoing the final stages of a 12-lot subdivision process. This exceptional offering provides significant potential for developers and investors, featuring a fully surveyed property with completed soil testing and engineering nearing completion. Key Features: * 12 Potential Lots: The proposed subdivision is anticipated to yield 12 individual parcels, ranging in size from 0.92 to 3.21 acres each. * Engineering Near Completion: The necessary engineering and permitting work are substantially finished, streamlining the path to final approval and development. * Fully Prepared: The land has been fully surveyed and extensive soil testing completed, de-risking the development process. Road Frontage: The property boasts significant road frontage on both Canterbury Turnpike (1350 ft +/-) and Beebe Road (400 ft +/-) off Harland Road. * Zoning: Located within an R40 zoning district. * Value Proposition: Offered as a complete package, representing a substantial discount compared to the projected total market value of the individual finished lots. This is a unique, ready-to-develop opportunity to acquire a fully prepared subdivision project at an attractive package price. All engineering work will be transferred to the buyer. Full subdivision and engineering plans available.

Key Facts

City/Town
Norwich
Neighborhood
N/A
Property Type
Land
Days on Market
269 days
Beds
0
Baths
0 baths
Lot Size
25.27 acres
Property Taxes
$4,067 / Annually

Market Snapshot

The Norwich Market

Land · trailing 12 months

Median Days on Market

96

24 active listings

Median $ / Sq Ft

--

24 active listings

Sale-to-List Ratio

100.0%

25 sales

How this home compares

List Price

$420,000

vs $72,500 median

5.8× the median

Price / Sq Ft

--

Median unavailable

Limited comparable data

Days on Market

269 days

vs 96 days median

173 days longer than median

Based on 24 active and 25 closed sales (trailing 12 mo) of land in Norwich. Source: SmartMLS · As of July 28, 2026.

Location

89 Canterbury Turnpike, Norwich, Connecticut

Property + 10 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$2,620

per month

  • Principal & Interest$2,141
  • Property Taxes$339
  • Insurance$140
  • HOA$0

Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.

Location

City/Town
Norwich
Neighborhood
N/A
County
New London

Residence

Property Type
Land
Subtype
SingleFamilyResidence

Schools

Elementary
Per Board of Ed
High
Norwich Free Academy

Exterior & Lot

Lot Size
25.27 acres
Zoning
R40
Waterfront Details
Not Applicable
Water Source
Public Water In Street
Sewer
Septic Required
Flood Zone
No
Lot Description
Treed

Listing & Financials

Property Taxes
$4,067 / Annually
Days on Market
269
MLS #
24137389
MLS Status
Under Contract

Similar Properties

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Listed By

Rick Nassiff

(860) 208-1354

KW Legacy Partners

(860) 313-0700

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.

Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.

Data last updated on 7/28/2026 at 7:05 AM UTC.