9,488sf Commercial Building w/ Waterfront to Pawcatuck River For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30294510
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 9,488 SF
Gross Land Area: 0.21 Acres
Sale Price: $375,000
Unit Price: $39.52 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Walton Block
Usable Size (USF): 9,488 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/12/2019

Overview / Comments

Located in highly visible downtown Pawcatuck, this 3 story, 9,488sf building is on 0.21 acres and on the Pawcatuck River. Public Water/Sewer/Gas. Formerly retail on first level and apartments in the upper levels. Zone DB-5. 60’ Road frontage with 25,600 Daily average traffic count. Walk to Westerly, RI! For Sale $375,000.

PERMITTED USES: Office, Retail, Restaurant, Personal Services, Financial Institutions, Residential 1-3 units per lot…

DIRECTIONS: I-95 Exit 91. Continue on Route 234 (aka Pequot Trail). At stop sign, turn left onto W Broad St (aka Route 1). On right just before crossing over bridge into Westerly, RI.

Attachments & Media

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Stonington
Tax ID/APN: 3-28-2
Zoning: DB-5
Retail Clientele: General, Family
Property Located Between: In downtown Pawcatuck at Westerly, RI border
Property Visibility: Excellent
Largest Nearby Street: Route 2
Feet of Frontage: 60
Traffic/Vehicle Count: 25,600
Highway Access: I-95 3.1 miles
Airports: Westerly Airport 2.8 miles
Site Description: Level, direct waterfront on Pawcatuck River
Area Description: Downtown Pawcatuck, CT
Tenancy: Multiple Tenants
Number of Stories: 3
Year Built: 1922
Construction/Siding: Brick
Total Parking Spaces: 6
Parking Description: Some on-street parking
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Zoning Description: DB-5 Development Area
Lot Frontage: 60
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,826 28,030 42,564
Median Age: 40.63 43.13 44.43
Households: 4,573 11,943 17,952


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