163 Broad St Stonington, CT 06379
This exceptional 10,100 square foot medical office building presents a unique investment opportunity in Stonington, Connecticut. Situated on a 3.06-acre lot, this single-tenant property boasts a highly desirable location on South Broad Street (Route 1), ensuring maximum visibility and accessibility. Built in 1972, the building offers ample parking with 40 spaces available. The property is zoned GC-60 and features public water and sewer, along with natural gas service. The building is air-conditioned and currently offers two available spaces for lease: an 800 square foot unit at $900 per month plus utilities, and a 1,600 square foot unit at $1,800 per month plus utilities. The property's strategic location places it next to the Stonington Police Department and across from Stonington High School and the VFW, guaranteeing high foot traffic and brand recognition. Permitted uses are diverse and include retail, office, wholesale, restaurant, assembly hall, financial, and recreation uses. By special permit, the property also allows for pool halls, nightclubs, laundries, liquor stores, schools, family entertainment centers, wellness centers, and medical facilities. The APN is 2074274, and the property is located in New London County. This is an excellent opportunity for a medical practice or other permitted business seeking a prominent location with significant visibility and ample space. The entire building is currently vacant.
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Tara Crossley Realtor Real Estate Agency
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.
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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.