0 Taugwonk Spur Rd Stonington, CT 06378
This exceptional 47,400-square-foot flex space, situated on a generous 8.5-acre lot in New London County, presents a unique investment opportunity. Built in 1984, the single-tenant property offers a versatile layout suitable for a variety of uses. The building boasts ample parking with 50 spaces available. The zoning designation, Li-130, allows for a wide range of permitted uses, including assembly, warehouse, packing, research and development, office, hospital, clinic, and retail outlets (as accessory uses). The property features both over and under units, providing flexibility for various business needs. The space is air-conditioned and heated with propane. Rental rates are negotiable, with starting rates at $700 per month for office or industrial flex space. Larger spaces command adjusted rental rates. An example of industrial space rental is 800 square feet at $900 per month plus utilities. The property's APN is 2074273. This is an ideal location for businesses seeking a spacious, adaptable workspace with significant acreage. The entire 47,400 square feet is currently vacant, offering immediate occupancy.
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
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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.