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Property profile & analytics
OFF-MARKET
Neighborhood centers

1031 Norwich-New London Tpke Montville, CT 06382

10,400 SF 6.23 ac lot
Property ID
Property summary
AI-generated overview

This Montville, Connecticut property, located at 1031 Norwich-New London Turnpike (Route 32), offers exceptional retail and office space opportunities. The 10,400 square foot building sits on 6.23 acres of land and is classified as Class B. Currently, there are 2,400 square feet of vacant space available, divisible into units ranging from a minimum of 800 square feet to a maximum contiguous space of 1,600 square feet. Larger spaces may be available upon request. The property boasts high visibility with an average daily traffic count of 11,000 vehicles. Zoned C-1 Commercial, permitted uses include retail, service businesses, offices, restaurants, and daycare facilities. The building does not have elevators. Rental rates are competitive, with 800 square foot spaces available at $950 per month plus utilities, and 1,600 square foot spaces at $1,900 per month plus utilities. The rental rate for the 2,400 square foot space is to be determined. This property presents a unique opportunity for businesses seeking a high-traffic location in a thriving community. The property is conveniently located just south of Herb's Country Deli on Route 32 in New London County, zip code 06382.

Property profile
Verified
Property type Neighborhood centers
Total area 10,400 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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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