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Property profile & analytics
OFF-MARKET
Land

29-31 Broad St Stonington, CT 06379

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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