Date
Details
Price
Change
Source
5/20/2026
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$375,000 Just Listed
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Property Description
554 Pond Rd is a commercial building built in 1970 on .42 acres. It is C2 zoning and has an upgraded 200 amp electrical system (2024), private well and septic system and a new roof (2024). Daily traffic is 2,037 vehicles with 11,164 vehicles on Rt 32 about 1/4 mile. The commercial building has 13 bays plus an office and is a great opportunity for commercial rentals, Last market valuation was $294,000 and current CMA $298,060. WHAT's GREAT. Across the street is a separate deeded property 557 Pond Rd on 5.49 acres of open land offering an excellent low cost high cash flow self storage facility. No need for water, septic, heat. Electricity available for lighting and security. Demand is high. Pond on rear of the property. Last market value was $193,500 and current CMA $193,500. Combined market value is $481,560. for both properties. Great asking price of $375,000. Offers on one or both properties is available. Possible some limited owner financing. BRING ALL OFFERS.
Full Property Details
Full Property Details for 554 Pond Rd
General
- Price: $375,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24177503
- Updated: 5/21/2026
- Added to Site: 2 day(s) ago
Interior
- Flooring: Concrete
Rooms
Bathrooms
- Total Bathrooms: 1
- Half Bathrooms: 1
- Restrooms: 1
Exterior
- Exterior Features: Doors - 10-15 ft
Location
- County: New London
- Neighborhood: North Franklin
- Driving Directions: Rt 2 then onto Rt 32 north to Pond Rd on left in North Franklin
Community
- Community Name: North Franklin
Heating & Cooling
- Cooling Type: None
- Heating Type: Other
Utilities
- Sewer: Septic
- Water: Private Well
- Utility Description: Electric
Structural Information
- Roof: Asphalt Shingle
- Amps: 200
- Stories/Levels: 1
- Stories in Building: 1
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Automotive - trucking company
- Year Built: 1950
Unit Information
- # Tenants: 1
Unit 1
- Total Bathrooms: 1
- Partial Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.42
- Frontage: Municipal Street
- Present Use: Automotive - trucking company
- Potential Use: Commercial Flex Space storage
- Zoning: C-2
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $205,800
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Photo/Survey
- Property ID: 1477122
Listed by Compass Connecticut, LLC, Ernie Lacore
We Value Your Privacy
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We Value Your Privacy
Listing agent
— 554 Pond Rd —
Ernie Lacore
Compass Connecticut, LLC
Agent Contact: (860) 573-1598 Office Contact: (203) 245-1593
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 554 Pond Rd
Tax History
Tax History for 554 Pond Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,373
5%
$205,800
—
2023
$4,167
16%
$205,800
31%
2023
$3,597
—
$156,600
—
2022
$3,597
—
$156,600
—
2021
$3,597
-1%
$156,600
—
2020
$3,636
-2%
$156,600
—
2019
$3,715
-3%
$156,600
5%
2018
$3,842
2%
$149,390
—
2017
$3,768
—
$149,390
—
2016
$3,768
2%
$149,390
—
2015
$3,693
—
$149,390
—
2014
$3,693
3%
$149,390
-11%
2011
$3,598
—
$167,050
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 554 Pond Rd
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- Single Family
- Active
- Updated 3 days ago
- 2Beds
- 2Total Baths
- 1,058Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 3Total Baths
- 2,426Sq. Ft.
- Single Family
- Active
- Updated 3 hours ago
- 3Beds
- 1Total Bath
- 1,123Sq. Ft.
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- Single Family
- Active
- Updated 4 days ago
- 5Beds
- 3Total Baths
- 2,990Sq. Ft.
- Single Family
- Active
- Updated 2 hours ago
- 3Beds
- 2Total Baths
- 2,100Sq. Ft.
- Mobile Home
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 954Sq. Ft.
Listed by Melissa Grogan (860) 434-8600
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554 Pond Road, Franklin, CT 06254 (MLS# 24177503) is a Commercial property. 554 Pond Road is currently listed for $375,000 and was received on May 20, 2026. Want to learn more about 554 Pond Road? Do you have questions about finding other Commercial real estate for sale in Franklin? You can browse all Franklin real estate or contact a Coldwell Banker agent to request more information.