308 Broad StNew London, CT 06320

Property Details for 308 Broad St

Lot size

0.51 AC

Property type

Other commercial real estate

APN

NLON M:D09 B:0225 L:0003

APU

NLONMD09B0225L0003

Description

This exceptional investment opportunity presents a prime car dealership property for sale in New London, Connecticut. Located on a 0.51-acre corner lot at the intersection of Broad Street and Ledyard Street, this property boasts a strategic location and C-1 commercial zoning. The property comprises four buildings totaling 6,386 square feet, including a one-bay, two-deep building (864 square feet), a substantial 2,908 square foot service shop, a 1,008 square foot office/sales building, and a 1,608 square foot two-family dwelling. This versatile configuration offers ample space for various automotive-related businesses or mixed-use development. The property benefits from municipal water, sewer, and gas services. The 2022 assessment was $333,200, with annual property taxes amounting to $12,408. Convenient access is provided via I-95, with clear directions available. This is a rare opportunity to acquire a well-situated, multi-building property in a thriving commercial area. The asking price is $969,000, representing a price per square foot of $151.74. Don't miss this chance to own a piece of New London's commercial landscape.

• Alternative Use

  Use

  Valuation

  Residential

  $4,167,424

  Hospitality

  $3,817,338

  Educational

  $3,175,980

  Medical

  $3,285,207

  Retail

  $4,940,414

Location Insight

City

New London

County

New London

State

Connecticut

Latitude

41.3612

Longitude

-72.1108

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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