1031 Norwich-New London Tpke, Montville, CT 06382
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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