Stand-Alone Office Building on Prime Corner Lot For Sale

Office for Sale
Catylist Listing ID: 30210556
Property Subtypes: Medical, Office Building
Building Size (RSF): 7,503 SF
Gross Land Area: 0.51 Acres
Sale Price: $650,000
Unit Price: $86.63 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 7,503 SF
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/13/2018

Overview / Comments

Prime corner location near Super Stop & Show, Kohl’s and I-95. Presently fully occupied but no long term leases. 7,503sf two levels on 0.51 lot. Public Water/Sewer. Electric heat. 20+/- total parking spaces. Both levels are handicap accessible. 440’+/- Road frontage. Taxes $13,030. Highly visible with 26,000 Daily average traffic counts. Zone CA-12. Brochure has zoning permitted uses list. For Sale $650,000.

DIRECTIONS: I-95 Exit 86. Follow signs for Route 12 north. On right, corner of Tollgate Road.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Zoning: CA-12
Property Located Between: US Submarine Base and I-95
Property Visibility: Excellent
Highway Access: Located on Route 12, near I-95 and Routes 1 and 184.
Airports: Groton / New London 3.5 miles
Area Description: Busy retail - 26,000 Daily average traffic count.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1932
Construction/Siding: Brick/Vinyl Siding
Parking Description: Two parking lots
Total Parking Spaces: 20
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard
Air Conditioning: Window Unit
Zoning Description: CA-12 General Commercial
Lot Frontage: 440
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,659 55,482 92,211
Median Age: 32.76 32.91 37.52
Households: 4,183 21,251 35,821

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