Office Building w/ Mixed Use Potential For Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30431592
Property Subtypes: Medical, Mixed Use, Office Building
Status: Pending/Contingent
Building Size (RSF): 2,098 SF
Gross Land Area: 0.24 Acres
Sale Price: $225,000
Unit Price: $107.24 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 12/4/2019

Overview / Comments

Well maintained and updated two story medical office building with mixed use potential. Handicap access and security system. 2,098sf on 0.24 acre. Central A/C, Public Water/Sewer/Gas. Zone PC. 10+ parking with 82’ road frontage. Highly visible on Salem Tpk (aka Route 82) with 23,300 ADT counts. Located just off I-395 on the busy retail strip. 1st and 2nd floor separately metered. Potential conversion to apartment on 2nd floor as previously existed; very little to do. For Sale $225,000.

PERMITTED USES: Medical Office, Private School, Club, Day Care, Office, Mixed Use, Retail...

BY SPECIAL PERMIT: Child Care...

DIRECTIONS: I-395 Exit 11. Go east on Route 82 towards downtown for about 0.2 miles. On right, corner of Clomead Court

Attachments & Media

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Norwich
Tax ID/APN: 171 5 20
Zoning: PC
Property Located Between: I-395 and downtown Norwich
Property Visibility: Excellent
Highway Access: I-395 0.2 miles
Airports: Groton / New London 16.9 miles
Site Description: Corner of Clomead court.
Area Description: Heavy retail presence
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,000 SF
Year Built: 1909
Year Renovated: 2014
Roof Type: Hip
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: 10 spaces; can expand to 16
Total Parking Spaces: 10
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: PC
Lot Frontage: 82
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,861 30,729 64,664
Median Age: 40.14 38.41 39.52
Households: 2,140 12,336 25,317

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