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    OFF-MARKET
    Retail properties & Spaces

    863 Norwich-New London Tpke, Montville, CT 06382

    2,400 SF 0.6 ac lot Built 1970
    Property ID
    Property summary
    AI-generated overview

    This 2,400 square foot freestanding retail building in Montville, Connecticut, is available for sale at $699,000. Located on 0.6 acres at 863 Norwich-New London Turnpike (zip code 06382), this single-story, 1970-built structure sits in a high-traffic area with approximately 7,700 cars passing daily. The property is zoned C1 and offers a triple net (NNN) lease option with a 3% annual increase over a flexible ten-year term, including possibilities for shorter leases, lease-to-own arrangements, and renewal terms. While previously a gas station and convenience store (now prohibited), the building is suitable for various uses, including bank, pharmacy, QSR, bakery, commissary, medical/professional office, retail store, smoke shop, deli, and more. Special permits may allow for automotive sales/repair and brewpubs. The tenant credit is rated, and the building is currently vacant. This presents a unique opportunity for a variety of businesses seeking high visibility and convenient access to major roadways and other amenities. The property features one unit and is easily accessible from major highways, shopping centers, and restaurants.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1970
    Total area 2,400 SF
    Lot 0.6 ac (26,136 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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    CAP Approach CAP
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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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