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    1031 Norwich-New London Tpke Montville, CT 06382

    Sponsored
    For Lease
    $14 SF/Yr ($12,756 /Mo)

    High-visibility retail space, flexible layouts.

    Lot size:
    10,742 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1031 Norwich-New London Rd, offers a unique opportunity for businesses seeking high-traffic exposure. The property consists of two single-story buildings totaling 10,742 square feet, built in 2006, situated on a 6.23-acre lot. Currently, there are 2,400 square feet of vacant space available, divisible into units ranging from 800 to 2,400 square feet. The flexible zoning (C-1 Commercial) allows for a variety of uses, including retail, service, office, restaurant, and daycare. The property boasts excellent visibility with an average daily traffic count of 11,000 vehicles on Route 32. Ample parking is provided with 60 spaces. The asking rent is $950 per month plus utilities for an 800 sq ft space, $1,900 per month plus utilities for a 1,600 sq ft space, and a negotiable rate for the full 2,400 sq ft space. This property presents a compelling investment opportunity for businesses seeking a prominent location with high visibility and diverse usage potential. The property is conveniently located just south of Herb's Country Deli on Route 32 in New London County. No elevators are present. The property is multi-tenant.

    Property Features for 1031 Norwich-New London Tpke

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,742 SF
    Total Rate
    12756.13

    Building Details

    Year Built
    2006
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    1031 Norwich-NL Tpk
    Size
    800 SF
    Rate per SF
    $14

    HighLights

    • 10,742 SF multi‑tenant retail, office, and restaurant building on 6.23 acres in New London County.
    • Two single‑story buildings totaling 10,742 SF, built in 2006, with 60 parking spaces.
    • 2,400 SF of vacant space available, divisible to 800 SF or 1,600 SF.
    • High visibility location on Route 32 with 11,000 average daily traffic count.
    • C‑1 Commercial zoning allows for retail, service, office, restaurant, and daycare uses.
    • Rental rates: 800 SF at $950/month, 1,600 SF at $1,900/month, 2,400 SF negotiable. Utilities are tenant responsibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Montville
    County
    New London
    State
    Connecticut
    Longitude
    -72.106397208404
    Latitude
    41.454055012497

    Nearby Comparable

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      Montville Office/Retail Space

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      1031 Norwich-New London Tpke, Montville, CT 06382
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      Prime Retail Space in Montville

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      Retail Space in Active Plaza

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      Versatile Commercial Building on Route 32

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      Retail/Office Space on Route 32

      Retail and office spaces available in a highly visible plaza.
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      Montville Retail and Office Space

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      Retail Pad Sites Available

      Retail pad sites for lease near major retailers and casino.
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    • Contact for pricing
      2,000 SF

      Retail Space Near Mohegan Sun

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      2020 Norwich New London Tpke, Uncasville, CT 06382
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      Riverfront Apartment with Spacious Layout

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      Retail/Office Space in Great Plains Plaza

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    Nearby Similar for Lease

    • $14 SF/Yr
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      Montville Office/Retail Space

      Prime Montville location, flexible suites.
      1031 Norwich-New London Tpke, Montville, CT 06382
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    • $5,000 /Mo

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      Montville Office Space For Lease

      Modern Office, Retail Space Available
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      Turn-Key Medical Office Space

      4,500 sq ft commercial space ready for occupancy.
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      Montville Office/Warehouse Space

      Flexible Office & Warehouse Space in CT
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      Second Floor Apartment Available

      Second floor apartment with wood laminate flooring and on-site laundry.
      26 Crandall Hl Rd, Montville, CT 06353
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    • $12 SF/Yr
      19,500 SF

      Montville Retail and Office Space

      19,500 SF retail/office space on 5.19 acres for lease.
      430 Chapel Hl Rd, Montville, CT
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    FAQs

    What type of property is this?
    Restaurant - High-visibility retail space, flexible layouts.
    Where is this restaurant located?
    The property is located at 1031 Norwich-New London Tpke Montville, CT.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 10,742 SF multi-tenant retail, office, and restaurant building on 6.23 acres in New London County.; Two single-story buildings totaling 10,742 SF, built in 2006, with 60 parking spaces.; 2,400 SF of vacant space available, divisible to 800 SF or 1,600 SF.
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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
    1031 Norwich-New London Tpke Montville, CT 06382
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