863 Norwich-New London Tpke Montville, CT 06382
- Retail properties
- 2,400 SF
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 863 Norwich-New London Tpke
- Year built
- 1970
- Property size
- 2,400 SF
- Property type
- Retail properties
Description
This 2,400 square foot freestanding building, constructed in 1970, presents a unique investment opportunity. Previously a gas station and convenience store, the property is available for purchase at $699,000 or lease under a triple net (NNN) ten-year agreement with a 3% annual rent increase. Flexible lease terms are available, including lease-to-own options and shorter lease durations. The property enjoys a highly visible location with excellent accessibility, situated near major highways, shopping centers, and restaurants. Daily traffic counts average approximately 7,700 vehicles. While gas and convenience store operations are restricted, the property is zoned for a variety of uses, including bakery, bank, commissary, small-format drug store, medical or professional office, restaurant, quick-service restaurant (QSR), retail store, smoke shop, and deli. Special permits allow for automotive sales and repair, and brewpubs. This versatile property offers significant potential for a wide range of businesses seeking a high-traffic location with ample visibility. The single-tenant building provides a solid foundation for a successful enterprise.
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
- Montville
- County
- New London
- State
- Connecticut
- Longitude
- -72.1059
- Latitude
- 41.449
