29-31 Broad St Stonington, CT 06379
- Land
Current Use by Public Records
- Land
Property Details for 29-31 Broad St
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stonington
- County
- New London
- State
- Connecticut
- Longitude
- -71.8458
- Latitude
- 41.3751
