863 Norwich-New London Tpke Montville, CT 06382
- Retail properties
- 2,400 SF
- 0.60 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Candy Store / Costume Store
- Skunk Funk / Clothing Store / Corporate Campus
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 863 Norwich-New London Tpke
- Year built
- 1970
- Lot size
- 0.60 lot acres
- Property size
- 2,400 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montville
- County
- New London
- State
- Connecticut
- Longitude
- -72.1059
- Latitude
- 41.449
