Bank Owned Commercial Property For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30342486
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Vehicle Related
Building Size (RSF): 5,696 SF
Gross Land Area: 0.69 Acres
Sale Price: $125,000
Unit Price: $21.95 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 12/26/2018

Overview / Comments

Bank owned property For Sale $125,000, Where is As is. Possible retail site. Currently retail 1st floor and a 2 BR apartment on 2nd floor. 0.69 acre, Zone GC General Commercial. 234’ Road frontage. Town Water/ Sewer. 6,200 average traffic count.

PERMITTED USES: Retail, Office, Restaurant, Club, Veterinarian hospital, Schools, Day care…

BY SPECIAL PERMIT: Garages and filling stations, Mixed Residential/Commercial use…

DIRECTIONS: I-395 Exit 18. Go south on Route 12 about 4.7 miles. On left.

Attachments & Media

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Norwich
Tax ID/APN: 36 4 3
Zoning: GC GENERAL COMMERCIAL
Retail Clientele: General, Family
Feet of Frontage: 234
Traffic/Vehicle Count: 6,200
Highway Access: I-395 4.7 miles
Airports: Groton / New London 18.7 miles
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Fair
Year Built: 1950
Total Parking Spaces: 10
Heat Type: Oil
Heat Source: Baseboard
Zoning Description: GC General Commercial
Lot Frontage: 234
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,163 27,991 63,473
Median Age: 37.43 38.07 39.47
Households: 2,494 11,437 25,485

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