514 Westchester Road

Retail-Commercial for Sale
Catylist Listing ID: 30331907
Property Subtypes: Free-Standing Building, Restaurant, Service Station/Gas Station, Street Retail, Other
Building Size (RSF): 3,720 SF
Gross Land Area: 2.09 Acres
Sale Price: $499,900
Unit Price: $134.38 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/14/2019

Overview / Comments

Reese Commercial Real Estate presents redevelopment opportunity of a 2.09 acre parcel of land with an 1840' s Federal Colonial style home consisting of approximately 3,700 sf on 1.4 acres and occupied by Westchester Family Practice, a medical office and another tenant. (House is not protected as historic and can be leveled.) Situated in the Westchester District Zone there are many Special Permit Uses such as Gas Station, Office, Restaurants, Service Retail and mixed uses (retail, office, residential). Tremendous visibility on the high side of the signalized 4-way intersection with solid average daily traffic count. Previously, a 7,000 sf medical/office site plan was approved for the .69 acre separate parcel. The parcel, with a perimeter consisting of 3 roads, will make for excellent ingress to and egress from the site.

Intersection of Rt. 16 and Rt. 149 at four way signal

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Colchester
Tax ID/APN: 03-19-067-000
Property Visibility: Excellent
Largest Nearby Street: Route 16
Highway Access: Route 2
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1840

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,567 27,118
Median Age: 40.83 41.97
Households: 2,350 10,310


Photograph of Listing Agent

Dale Reese

Reese & Company Real Estate LLC
CTCList Member
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