Commercial/Residential bldg For Sale - Abutting Prop Also Available!

Retail-Commercial for Sale
Catylist Listing ID: 30451730
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 1,264 SF
Gross Building Area: 2,940 SF
Gross Land Area: 0.63 Acres
Sale Price: $315,000
Unit Price: $249.21 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/11/2020

Overview / Comments

Three story, 2,940 sf commercial building for sale $315,000. Finished basement. 1st + 2nd floors currently leased. First floor is handicap accessible. Highly visible with 23,300 daily average traffic counts. Public Water/Septic/Gas. Zone GC. Lot is 0.63 acre with 50’ road frontage. Shared drive way with approx. 14+/- parking spaces. Also can be assembled with abutting property for a total of 0.95 acre redevelopment opportunity.

PERMITTED USES: Office, Clinics, Medical Office, Customer Service Establishments, Financial Institutions, Restaurants, Retail, R&D, Veterinary...

BY SPECIAL PERMIT: Assembly Hall, Entertainment Center, Funeral Home, R&D Lab, Mixed use...

DIRECTIONS: I-395 Exit 11. Go east on Route 82 (aka Salem Tpk) about 0.3 miles. On right.

Attachments & Media

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Norwich
Tax ID/APN: 171 5 14
Retail Clientele: General, Family, Business
Property Located Between: I-395 and downtown Norwich
Property Visibility: Excellent
Largest Nearby Street: I-395
Feet of Frontage: 50
Traffic/Vehicle Count: 23,300
Highway Access: I-395 0.3 miles
Airports: Groton / New London 17 miles
Site Description: Abutting property also available - assemble both property for total of 0.95 acres
Area Description: Highly visible on Route 82 (aka Salem Tpk)
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1900
Roof Type: Hip
Construction/Siding: Vinyl Siding
Total Parking Spaces: 14
Parking Description: Off-street parking
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Heat Pump
Air Conditioning: Package Unit
Zoning Description: GC Commercial
Lot Frontage: 50
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,861 31,739 64,664
Median Age: 40.14 38.15 39.52
Households: 2,140 12,687 25,317


Photograph of Listing Agent

John E Jensen

Pequot Commercial
ECCPN Member
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