Development Opportunity w/ Office Bldg For Sale

Vacant Land for Sale
Catylist Listing ID: 30363937
Property Subtypes: Multi-Family, Office, Retail
Gross Land Area: 0.94 Acres
Sale Price: $360,000
Unit Price: $382,978 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/18/2019

Overview / Comments

0.94 acre zoned for Office / Multi Family includes 3,276sf office in front, fully leased and plans for addition in back. Highly visible with 22,200 daily average traffic count. Zone OMF-Office/Multi Family. Taxes $7,514. Public Water/Sewer. Heat pump. Road frontage 80’. For Sale $360,000.

Located on busy Long Hill Road across from McDonald’s. Development or re-development potential. Significant excess buildable land. Engineering plans available. Modular construction which can be disassembled and relocated. Zoning change is possible which will allow more commercial use.

I-95 North Exit 86 to Route 1. Less than 1 mile on left.
I-95 South Exit 87 to Route 1. Less than 1 miles on left.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Groton
Tax ID/APN: 168920909172
Property Located Between: On busy retail area of Long Hill Rd.
Property Visibility: Excellent
Largest Nearby Street: Long Hill Road aka Route 1
Feet of Frontage: 80
Traffic/Vehicle Count: 22,200
Highway Access: About 1 mile to I-95
Airports: Groton / New London 1.9 miles
Lot Frontage: 80
Zoning Description: Office and Multi Family Zone
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,449 58,136 85,743
Median Age: 36.2 34.49 37.29
Households: 4,143 23,063 33,384


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