The Barrows Building in Downtown New London For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30534985
Property Subtypes: Mixed Use, Retail-Pad, Street Retail
Building Size (RSF): 10,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.09 Acres
Sale Price: $349,000
Unit Price: $32.31 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: The Barrows Building
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 2/21/2020

Overview / Comments

Prime investment opportunity. Now available, The Barrows Building is a 10,800 sf three story brick trimmed building, with commercial and residential opportunities.. Located within easy distance of courthouse, Garde Arts Center, public library, ferry and train stations. Ready for development. Parking on street, and off street at rear of building.
- Basement 4,000+sf and useable
- First floor 4,000 sf
- Second floor 1,400 sf
- Third floor 1,400 sf

Public Water/Sewer and Natural Gas. Taxes $4,433. For Sale $349,000. Agent is owner.

DIRECTIONS:
I-95 S Exit 84S. Follow signs to Downtown New London. Turns into Eugene O’Neill Dr. Turn right on Gov Winthrop Blvd then left on Meridan St., left on State St. On left.
I-95 N Exit 83. Go straight on Huntington St. At end, turn left on State St. On left.

Attachments & Media

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: New London
Tax ID/APN: 5965
Zoning: CBD-1
Retail Clientele: General, Business
Property Located Between: Courthouse and Train/Port
Property Visibility: Good
Feet of Frontage: 35
Traffic/Vehicle Count: 3,200
Highway Access: I-95 1.5 miles
Airports: Groton / New London 6.3 miles
Area Description: Downtown New London
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Fair
Year Built: 1925
Roof Type: Flat
Construction/Siding: Brick
Parking Description: Some off-street parking in rear; also on-street parking
Sprinklers: None
Heat Type: Natural Gas
Zoning Description: CBD-1
Lot Frontage: 35
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,660 63,774 86,935
Median Age: 33.6 34.74 37.18
Households: 6,363 24,429 33,798

Contact

Photograph of Listing Agent

John E Jensen

Pequot Commercial
ECCPN Member
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