Class A Office Building For Sale

Office for Sale
Catylist Listing ID: 30521377
Property Subtypes: Executive Suites, Governmental, Office Building, Research & Development
Building Size (RSF): 38,628 SF
Gross Building Area: See Agent
Gross Land Area: 3.49 Acres
Sale Price: $2,150,000
Unit Price: $55.66 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 12/4/2019

Overview / Comments

Class “A” Office Building in the heart of the area’s industrial zone. Excellent opportunity to own/use or invest in this modern 3 story, 38,628 sf office building. Handicap access and elevators, open floor plan and ample off-street parking (150+ spaces). Taxes $31,763. Built 1997 and well-maintained. Zone M-1. Road frontage of 500+’ on Mechanic street alone. For Sale $2.15mm. Municipal Water/Sewer, heat pump and Central A/C. Sprinklered. Only 3.5 miles to Westerly Airport. Space also for lease.

DIRECTIONS: I-95 Exit 91. Go east on Route 234 (aka Pequot Trail) for about 3.5 miles. Turn left on Route 1, then right on Mechanic Street. On right.

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Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Stonington
Tax ID/APN: 4-17-6
Zoning: M-1
Property Visibility: Fair
Highway Access: I-95 4.2
Airports: Westerly Airport 3.5 miles
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1997
Total Parking Spaces: 150
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 1243
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,135 28,030 42,564
Median Age: 41.78 43.13 44.43
Households: 3,857 11,943 17,952

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