REDUCED! Commercial Use Lot on busy W Main St. For Sale

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30293452
Property Subtypes: Office, Retail
Status: Pending/Contingent
Gross Land Area: 0.89 Acres
Sale Price: $499,000
Unit Price: $560,674 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/8/2019

Overview / Comments

REDUCED! 0.89 Acre corner lot for Commercial Use in Zone GC Commercial. Previously had 13,000+/-sf 2 story building. Road frontage: 148’ on West Main St. and 214’ on Banas Court. Highly visible with a 19,600 Daily Average Traffic Count. Public Water/Sewer/Gas available in street. For Sale $499,000.

PERMITTED USES: Retail, Professional Office, Assembly halls, Boat Sales, Bus/Taxi station, Clinic and Medical Offices, Education Institutions, Commercial Entertainment Center, Cultural Facility, Service, Data Centers, Financial Institutions, Family Day Care homes, Gyms/Fitness/Personal Training Centers includes Dance Studios, Martial Arts and Sporting Facilities, Hotels/Inns, Mixed Use Buildings of up to 3 Dwelling Units, Restaurant/Grill/Bar (no-drive-thru), Technology R&D, Veterinary Hospitals…

BY SPECIAL PERMIT: Animal Day Care, Child Day Care Center, Funeral Home, Garages and Filling Stations, Multi-Family, Motor Vehicle Fueling Stations, Motor Vehicle Repair Facility, Research Laboratories…

I-395 Exit 11. Follow Route 82 East towards downtown Norwich. About 1 mile on right, corner of Banas Court.

Attachments & Media

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 142 11 23
Property Located Between: On corner of W Main St and Banas Court (148' + 214' rd frontage)
Property Visibility: Excellent
Feet of Frontage: 362
Traffic/Vehicle Count: 19,600
Highway Access: 1 mile to I-395 (Exit 11)
Site Description: Clean, slightly level corner lot.
Area Description: On main retail section
Lot Frontage: 342
Zoning Description: General Commercial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,011 38,270 63,398
Median Age: 36.41 38.43 39.48
Households: 2,074 15,410 24,863


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