163 Broad St Stonington, CT 06379
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.
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Tara Crossley Realtor Real Estate Agency
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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