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    29-31 Broad St Stonington, CT 06379

    Sponsored
    For Lease
    $38,000

    Prime 1-acre lot, build-to-suit available.

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-acre commercial land parcel, located at 29-31 & 37 South Broad Street in Stonington, Connecticut, presents a unique build-to-suit opportunity. Zoned General Commercial GC-60, this property boasts 250 feet of frontage and is ideally situated next to the bustling Pawcatuck Shopping Center, home to Walgreens and Renegade Gym. Benefit from high visibility and significant traffic, averaging over 7,800 vehicles daily. The property's adjacency to an existing shopping plaza owned by the same entity offers potential for shared access and parking, enhancing development possibilities. While a house currently rented month-to-month occupies the east side of the property, this presents a flexible scenario for future development plans. Detailed zoning regulations are available upon request. The land lease is offered at $38,000 per year, NNN. This prime location and flexible development potential make this an exceptional investment opportunity in a thriving commercial area. The property's address is 29-31 & 37 S Broad St, Stonington, CT 06379.

    Property Features for 29-31 Broad St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF
    Total Rate
    38000

    Unit(s) available at that property

    Space
    Available Lot (1+/- acre)
    Size
    43,560 SF
    Rate per SF
    $38,000

    HighLights

    • Excellent Pawcatuck Shopping Center adjacency.
    • 1‑acre lot, 0.8 acres usable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Stonington
    County
    New London
    State
    Connecticut
    Longitude
    -71.845836406955
    Latitude
    41.375123370287

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    FAQs

    What type of property is this?
    Land - Prime 1-acre lot, build-to-suit available.
    Where is this land located?
    The property is located at 29-31 Broad St Stonington, CT.
    What is the lease rate?
    The lease rate is $38,000.
    What are key features of this property?
    This property features: Excellent Pawcatuck Shopping Center adjacency.; 1-acre lot, 0.8 acres usable.;
    Request Owner's contact information
    29-31 Broad St Stonington, CT 06379
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    Stonington, CT 06379
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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
    29-31 Broad St Stonington, CT 06379
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