Re-Develop, Re-Position, Value-Add Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 29987407
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail
Building Size (RSF): 8,758 SF
Gross Building Area: See Agent
Gross Land Area: 0.33 - 1.13 SF
Sale Price: $200,000 - 450,000
Unit Price: $22.84 - 51.38 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/26/2018

Overview / Comments

Re-Develop, Re-Position or Re-Tenant. 2 properties, #680 @ 275,000 & #682 @ $200,000, for sale together for $450,000. #680 has four retail spots: Appliance Store - 1,600 +/- SF; Chinese Restaurant - 1,600 +/- SF; Herbalife - 500 +/- SF; Former USA Dollar Plus - 2,000 +/- SF. available @ $1,250/Mo + Utilities. Acreage is 0.33 acres. #682 has 2,024 SF building on 1.13 acres- Currently one space: Carpet store with office, conference area & showroom/warehouse. Currently owner occupied. Price includes both parcels and buildings.

Attachments & Media

Additional Details

Nearest MSA: Norwich-New London
County: New London
Zoning: GC - COMMERCIAL & MF - MULTI-FAMILY
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Feet of Frontage: 300
Traffic/Vehicle Count: 13,200
Highway Access: I-395
Site Description: Retail area on Route 12
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Parking Type: Surface
Parking Description: on and off street parking
Zoning Description: GC - General Commercial (680); MF - Multi-family (682)
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,052 37,217 61,019
Median Age: 33.9 37.79 39.49
Households: 2,309 15,165 24,555

Contact

Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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