Commercial Real Estate News
Commercial Property in Orange Sells for Over $3 Million
205 & 231 Indian River Road, Orange, CT
ORANGE, CT ‑ JANUARY 18, 2018 – An industrial parcel of land located at 205 & 231 Indian River Road in Orange, CT, sold for $3,094,125 announced Jon Angel, President of Angel Commercial, L.L.C., a commercial real estate firm based in Southport, CT. The 8.25‑acre property was owned by Indian River Road, LLC, and sold to Orange VA, LLC, a national developer. It was one of four lots in a 23.35‑acre parcel for sale.
“The property sold at list price for $375,000 per acre,” states Angel who represented the seller in this transaction. The Dow Realty Company represented the purchaser.
“We are also currently under contract to sell an additional 7.5 acres in an adjacent lot to a different buyer,” states Angel. “There are 7.6 acres remaining that may be purchased together or subdivided into 3.5 or 4.1‑acre parcels subject to zoning approval.”
Angel Commercial, L.L.C. is a full‑service real estate brokerage firm headquartered in Fairfield County, Connecticut. The company specializes in the acquisition, disposition, and leasing of office, industrial, multi‑family and retail properties on a local and national level. Visit Angel Commercial, L.L.C. on the web at www.angelcommercial.com.