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    1031 Norwich-New London Tpke Montville, CT 06382

    Sponsored
    For Lease
    $14 SF/Yr ($12,350 /Mo)

    Prime Montville location, flexible suites.

    Lot size:
    10,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Montville, Connecticut property, located at 1031 Norwich-New London Turnpike (Route 32), offers exceptional retail and office space opportunities. The 10,400 square foot building sits on 6.23 acres of land and is classified as Class B. Currently, there are 2,400 square feet of vacant space available, divisible into units ranging from a minimum of 800 square feet to a maximum contiguous space of 1,600 square feet. Larger spaces may be available upon request. The property boasts high visibility with an average daily traffic count of 11,000 vehicles. Zoned C-1 Commercial, permitted uses include retail, service businesses, offices, restaurants, and daycare facilities. The building does not have elevators. Rental rates are competitive, with 800 square foot spaces available at $950 per month plus utilities, and 1,600 square foot spaces at $1,900 per month plus utilities. The rental rate for the 2,400 square foot space is to be determined. This property presents a unique opportunity for businesses seeking a high-traffic location in a thriving community. The property is conveniently located just south of Herb's Country Deli on Route 32 in New London County, zip code 06382.

    Property Features for 1031 Norwich-New London Tpke

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,400 SF
    Class
    B
    Total Rate
    12350

    Unit(s) available at that property

    Space
    #A 800sf
    Size
    800 SF
    Rate per SF
    $14
    Space
    #B 1,600sf
    Size
    1,600 SF
    Rate per SF
    $14

    HighLights

    • 10,400 SF retail plaza on 6.23 acres in Montville, CT.
    • 800‑2,400 SF of divisible retail/office space available.
    • Separate utilities for each unit.
    • High visibility location with 11,400 average daily traffic count.
    • C‑1 Commercial zoning, allowing for various uses.
    • Less than 2 miles to I‑395 Exit 6.
    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
    -72.106192900901
    Latitude
    41.45431054214

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Montville location, flexible suites.
    Where is this neighborhood center 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: 10,400 SF retail plaza on 6.23 acres in Montville, CT.; 800-2,400 SF of divisible retail/office space available.; Separate utilities for each unit.
    Request Owner's contact information
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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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