Free Standing Retail/Restaurant Building For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30208522
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 1,736 SF
Gross Land Area: 0.39 Acres
Sale Price: $900,000
Unit Price: $518.43 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Tim Horton's
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 8/30/2019

Overview / Comments

Free-standing Retail/Restaurant building for sale! Formerly Tim Horton’s 1,736sf one story building with a drive-thru. Located on a 0.39 acre lot and at corner of Long Hill Road (aka Route 1) and Meridian Street Ext. with traffic lighted intersection. Access from both streets. Zone DDD. 13 parking spaces. 21,700 Daily average traffic count. Equipment included in lease.

REDUCED – now $900,000. Also For Lease. Excludes any Sale or Lease to competitor of owner’s business.

DIRECTIONS: At corner of Long Hill Road and Meridian Street Ext.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Groton
Tax ID/APN: 169805092153
Retail Clientele: General, Family
Property Visibility: Excellent
Largest Nearby Street: Route 1
Feet of Frontage: 399
Traffic/Vehicle Count: 19,500
Highway Access: 0.8 miles to I-95
Airports: Groton / New London 3 miles
Area Description: On Groton's "Magic Mile'
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,736 SF
Property Condition: Excellent
Year Built: 2004
Total Parking Spaces: 13
Parking Description: Parking lot
Heat Type: Propane
Heat Source: Central
Air Conditioning: Other
Zoning Description: Zone DDD - Downtown Development District
Lot Frontage: 399 total
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,132 55,879 84,290
Median Age: 33.64 34.52 37.25
Households: 5,246 22,153 32,840


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