Property profile

82 Norwich-Westerly Rd North Stonington, CT 06359

OFF-MARKET
Retail properties & Spaces
1,992 SF Built 1992
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Property summary

AI-generated overview

This exceptional two-level office space, totaling 996 square feet, is ideally situated at the intersection of Route 2 and Route 184, conveniently located between Route 95 and a casino. The property boasts ample parking with 34+ spaces available in front and rear. Handicap accessibility is provided on the lower level. The building features well and septic systems with propane heat. This Class C building, constructed in 1992, is part of a three-building complex with a total of 1,992 square feet and four suites. The zoning is EDD (Economic Development District), allowing for a variety of uses. Permitted uses include office, retail, personal services, financial, hospitality, institutional, medical, and mixed-use. Special permits may allow for cannabis retail and commercial caretaker apartments. The monthly lease rate is $1,300, plus utilities. Easy access is provided via I-95, Exit 92, heading west on Route 2, less than a mile on the right, just before the traffic circle at Route 184. The building is a two-story structure with no elevators.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1992
Total area 1,992 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

82 Norwich-Westerly Rd North Stonington, CT 06359
North Stonington metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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