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    118 S Broad St Stonington, CT 06379

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    For Sale
    $1,150,000

    Professional office building with parking and elevator on Route 1.

    Lot size:
    0.44 Acres

    Property Features for 118 S Broad St

    General Information

    Lot size
    0.44 Acres

    Building Details

    Year built
    2013

    Source: William Pitt Sotheby's Int'l Agent Judith Caracausa

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

    Overview

    Professional Office Building For Sale

    This professional office building, constructed in 2013, is located on Route 1, between Stonington and Westerly, RI. The property is situated in the LS5 zone, which allows for various uses, including a day spa, salon, personal services, and professional offices. The building features an elevator and approximately 18 parking spaces. It is currently used as a professional office building and is ADA compliant. The property is suitable for many office uses.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Stonington
    County
    New London
    State
    Connecticut
    Longitude
    -71.855526
    Latitude
    41.3714779

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    FAQs

    What type of property is this?
    Office building - Professional office building with parking and elevator on Route 1.
    Where is this office building located?
    The property is located at 118 S Broad St Stonington, CT.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Prime location on busy Route 1, between Stonington and Westerly, RI.; - Versatile LS5 zoning allows for various uses: day spa, salon, personal services, professional offices, and more.; - New construction (2013) in mint condition.
    (860) 912-9903
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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
    118 S Broad St Stonington, CT 06379
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