Property Sells For $3M In Orange

ORANGE, CT — An industrial parcel of land located at 205 and 231 Indian River Road in Orange has been sold for $3,094,125, Jon Angel, President of Angel Commercial, L.L.C., a commercial real estate firm based in Southport, announced in a press release. 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,” said Angel, who represented the seller in this transaction. The Dow Realty Company represented the buyer.

“We are also currently under contract to sell an additional 7.5 acres in an adjacent lot to a different buyer,” Angel said. “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.”

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