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Retail Space
New
For Lease
$19 SF/Yr CAM $5.14 /USD/SF/YR

324 Flanders Road, East Lyme, CT 06333

A divisible commercial suite in a multi-tenant plaza, with on-site parking and several permitted use categories.

Space Size5,700 SF
Days on Market4

Property Features for 324 Flanders Road

General Information

Standard status Active
Size 5,700 SF
Net Rentable 5,700 SF
Zoning CA
Lease Type NNN

Space & Availability

Contiguous Space 5,700 SF
Divisible Yes
Space Use Medical Office

Lease Terms

Lease Rate $19 /USD/SF/YR
Rent per SF/Year $19
CAM $5.14 /USD/SF/YR

Additional Details

Highway Access Yes

Building Details

Year Built 1991
Tenancy Multi
Listing Agency: Signature Properties of N.E.
Listed By: Norman B Peck · License #RES.0528743
Source: Capmarkrealty
Added: Oct 4 Changed: Oct 7 Last Checked: Oct 7 at 9:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Properties of N.E.

Investment Insights

Based on property information with market context.

The 5,700 SF suite is located in a multi-tenant plaza and can be divided. The property was built in 1991 and is zoned CA. Permitted uses include medical office, restaurant, retail, hotel, personal service, and business service establishments. Commercial recreation, an indoor theater, a private club, and a small animal veterinary clinic require a special permit.

The plaza is just off Exit 75 on Flanders Road in East Lyme. Existing tenants include restaurants, a real estate business, and an office, with on-site parking available.

Key Highlights

  • 5,700 SF retail suite that can be divided
  • Zoned CA
  • Permitted uses include medical office, restaurant, retail, hotel, and personal and business services

Property Analytics

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Current Use

Richard Albrecht, MD Physician B Burnham Medical Clinic Jean Tuneski Physician Stories Worth Telling ... Real Estate Agency Kiki Sydnor, RE ... Real Estate Agency

Suggested Use

Top Pick Law Firm HVAC Service Big Box & Wholesale Store Garden Center Grocery & Convenience Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.85 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

496
Businesses Nearby

Demographics for 06333, CT

7,289
Population
2,894
Households
2.5
Avg Household Size
44
Median Age
59%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
311
Density / Sq Mi
$131,628
Median Household Income
$70,095
Median Earnings
$1,722
Median Rent
$432,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - A divisible commercial suite in a multi-tenant plaza, with on-site parking and several permitted use categories.
Where is this retail space located?
The property is located at 324 Flanders Road East Lyme, CT.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: 5,700 SF retail suite that can be divided; Zoned CA; Permitted uses include medical office, restaurant, retail, hotel, and personal and business services
More about this property
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