32 Broad St Stonington, CT 06378
- Showrooms
- 4,002 SF
- 0.18 lot acres
Nov 01, 2024
Current Use by Public Records
- Showrooms
Property Details for 32 Broad St
- Year built
- 2022
- Construction
- STEEL FRAME
- Lot size
- 0.18 lot acres
- Property size
- 4,002 SF
- Zone code
- LS-5
- Property type
- Showrooms
- APN
- STON M:174 B:19 L:1
- APU
- STONM174B19L1
Description
This exceptional commercial real estate opportunity presents a 1-acre parcel in Stonington, Connecticut, zoned GC-60 Commercial, ideal for restaurant development. Located at 32 S Broad St, 06378, this property boasts a daily traffic count exceeding 11,000 vehicles, ensuring high visibility and accessibility. The land is available for lease on a ground lease basis, or a build-to-suit arrangement can be negotiated. The asking price for the land lease is $38,000. Rent for a build-to-suit project will be determined separately. This property offers significant advantages due to its proximity to the Rite Aid and Pawcatuck Shopping Center. The owner also owns an adjacent shopping plaza, potentially allowing for shared access and parking amenities, further enhancing the development potential. Note that a house currently rented month-to-month occupies the east side of the property. The property's APN is 14/01/08// and is classified as Class B. This is a rare chance to establish a thriving business in a high-traffic area with potential for collaborative development opportunities. The property is situated in New London County.
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
- Stonington
- County
- New London
- State
- Connecticut
- Longitude
- -71.9641
- Latitude
- 41.3516
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
