308 Broad St New London, CT 06320-3748
- Commercial real estate
- 0.51 lot acres
Apr 17, 2025
Current Use by Public Records
- TJ Motors / Used Car Dealer
- Wally's Window Cleaning Service / House Cleaning Service / Window Cleaning Service
Property Details for 308 Broad St
- Lot size
- 0.51 lot acres
- Property type
- 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.
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
- New London
- County
- New London
- State
- Connecticut
- Longitude
- -72.1108
- Latitude
- 41.3612
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
