Property profile

1031 Norwich-New London Tpke Montville, CT 06382

OFF-MARKET
Retail properties & Spaces
10,742 SF 6.23 ac lot Built 2006
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 2006
Total area 10,742 SF
Lot 6.23 ac (271,379 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1031 Norwich-New London Tpke Montville, CT 06382
Montville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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