Three parcels and Retail & Warehouse building For Sale

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30413020
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 26,802 SF
Gross Building Area: See Agent
Gross Land Area: 2.10 Acres
Sale Price: $2,600,000
Unit Price: $97.01 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 26,802 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/30/2019

Overview / Comments

An unbelievable opportunity on highly visible Colman Street! Three parcels, totaling 2.1+/- acres and 26,802sf one story building available.Building includes 20,362sf retail space with 10’-18’ ceilings and 6,440sf warehouse with 35’ ceilings. Total of seven overhead doors. Central A/C in retail space, not warehouse. Retail space only is sprinklered.

423’ Road frontage. 75+/- parking spaces. 3Phase power.

Prime location, only ¼ mile to I-95. Highly visible retail street with 11,800 ADT count. Numerous car dealerships, national food chains, auto service businesses and offices are on Colman St. Zone C-2 Commercial. Public Water/Sewer and Public Gas for heat. Asking $2,600,000.

PERMITTED USES: Retail, Service, Restaurant, Office, Financial Institution…

BY SPECIAL PERMIT: Auto Sales and Repair, Rental, Fast Food, Wholesale Distribution, Self Storage…

DIRECTIONS: I-95N Exit 82A. Slight right onto Vauxhill St. At end, turn right onto Colman St. On left.
I-95S Exit 83. Continue on Frontage Rd. Take exit to Colman St. Turn left onto Colman St. About ½ mile on left

Additional Details

Nearest MSA: Norwich-New London
County: New London
Submarket Type: Central Business District
Taxing Authority: New London
Zoning: C-2 COMMERCIAL
Retail Clientele: General, Family, Business
Property Located Between: I-95 and numerous auto dealers
Feet of Frontage: 423
Traffic/Vehicle Count: 11,800
Highway Access: I-95 0.5 miles
Airports: Groton / New London 6.6 miles
Area Description: 'Magic Mile' of several huge auto dealerships, auto service businesses, fast food, etc
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 26,802 SF
Property Condition: Average
Year Built: 1955
Year Renovated: 1993
Roof Type: Flat
Construction/Siding: Steel Frame
Total Parking Spaces: 75
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Zoning Description: C-2 Commercial
Lot Frontage: 423
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,813 59,027 90,369
Median Age: 32.08 34.13 37.39
Households: 4,003 22,128 35,201

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