863 Norwich-New London Tpke, Montville, CT 06382
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.
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Carl's Trading Co Hat Shop
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Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.