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Property profile & analytics
OFF-MARKET
Neighborhood centers

163 Broad St Stonington, CT 06379

10,100 SF 3.09 ac lot Built 1975
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity presents two available spaces within a well-maintained, 10,100 square foot strip center and office complex situated on 3.09 acres in Stonington, Connecticut. The property, built in 1975, boasts a Class B rating and features two single-story buildings with a total of 70 parking spaces. Currently, 2,400 square feet are available for lease, with two spaces totaling 800 and 1,600 square feet respectively. The 800 square foot space is offered at $950 per month, and the 1,600 square foot space at $1,900 per month, both plus utilities. The property enjoys a highly visible location on South Broad Street (Route 1), directly across from Stonington High School and the VFW, and adjacent to the Stonington Police Department, ensuring high traffic and excellent exposure. The building is air-conditioned and benefits from public water and sewer, as well as natural gas. Permitted uses are diverse and include retail, office, wholesale, restaurant, assembly hall, financial, and recreation uses. By special permit, additional uses such as pool halls, nightclubs, and various other businesses may be considered. This property offers a unique opportunity for businesses seeking high visibility and convenient access in a thriving community. The zoning is GC Commercial, within New London County.

Property profile
Verified
Property type Neighborhood centers
Year built 1975
Total area 10,100 SF
Lot 3.09 ac (134,600 SF)
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
Current use
Occupant on record · Public records
  • Tara Crossley Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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