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    167-169 Slater Ave Griswold, CT 06351

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    For Sale
    $500,000

    Commercial space with residential apartment, ideal for diverse business ventures.

    Property size:
    4,660 SF
    Lot size:
    0.30 Acres

    Property Features for 167-169 Slater Ave

    General Information

    Size
    4,660 SF
    Lot size
    0.30 Acres

    Source: Coldwell Banker Realty - East Lyme/Mystic Agent Kim Veronesi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with Income Potential

    This mixed-use commercial property features a 1260 sq. ft. residential apartment situated above a 3400 sq. ft. commercial space. The second-floor apartment includes three bedrooms, hardwood floors, a large kitchen with ample cabinet space, a separate dining room and living room, and washer/dryer hookups, generating income. The commercial space has been recently renovated with new flooring, a drop ceiling, an updated bath, and fresh paint. The commercial space also includes a basement with a beverage cooler and additional storage space. The property is located on Route 138, near schools, downtown, and I-395. Previously used as a restaurant and bar, the commercial space offers flexibility for various uses within the B-RC zone, including office, retail, salon, school, or place of worship. The property includes a large parking lot, separate electrical services, and public water/sewer. The total property size is 4660 square feet.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Accounting Firm Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Griswold
    County
    New London
    State
    Connecticut
    Longitude
    -71.980019
    Latitude
    41.599088

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial space with residential apartment, ideal for diverse business ventures.
    Where is this mixed-use property located?
    The property is located at 167-169 Slater Ave Griswold, CT.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Income-producing property featuring a 3-bedroom apartment above a commercial space.; - Recently renovated 3400 sq. ft. commercial space boasts new flooring, drop ceiling, updated bath, and fresh paint.; - Prime location on Route 138, conveniently close to schools, downtown, and I-395.
    (860) 214-4076
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    167-169 Slater Ave Griswold, CT 06351
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