131 Griswold & 2938 Main St
Glastonbury, CT 06033
Offers due by 7/31/23 · Land For Sale · 10.14 AC

Avison Young-New England is pleased to offer for sale 95 Griswold Street, 131 Griswold Street, and 2938 Main Street (the “Offering”), a prime 10.14-acre development site located just off the Route 2 and Route 3 interchange in upscale Glastonbury, CT. The site is situated in one of Greater Hartford’s premier commercial and retail corridors and features direct access from Griswold Street and has an access easement to Main Street. Major retail centers in the immediate vicinity include the Shops at Somerset Square, the Shoppes at Fox Run, and the Putnam Bridge Retail Plaza, in addition to numerous stand-alone retailers, restaurants and hotels. The Offering provides a highly accessible location less than five miles southwest of Downtown Hartford. Four highway exchanges are located within a half mile, and the Offering is only minutes from Interstate 91 and Interstate 84. Drawing leading retailers to the area, Glastonbury is widely considered one of the most upscale and desirable suburbs of Hartford and features a median household income of over $130,000. The Offering is an assemblage of three adjacent parcels and is positioned within the Planned Travel Zoning District, which allows a maximum building coverage of 20% and maximum height of three stories or 42 3/4 feet. Allowable uses by special permit include retail, hotel, and general office. The site had formally been proposed and permitted as a retail and development called the Shoppes at Avalon, which plans included an approximately 94,240 SF multi-tenant retail center. The approvals lapsed in 2019. The Offering’s generous site size and zoning district allows for an extensive retail or mixed-use development in a leading suburb of Hartford. 95 Griswold Street, 131 Griswold Street and 2938 Main Street are being offered at an asking price of $9,100,000, with offers due by July 31, 2023. Any sale is subject to Bankruptcy Court approval. For more details on the listing and offer process, please contact Andrew Filler or Derek Opert from Avison Young’s sales team.