36 Industrial Park Rd Niantic, CT 06357-1262
This versatile 3,200 square foot property in East Lyme's Industrial Park offers a unique opportunity. The building, constructed in 1975, features a two-story design with a traditional office space on the second floor and industrial space on the first floor, both currently vacant. The entire 3,200 square feet is available for lease. The property sits on 1.27 acres of land with excellent frontage of 159 feet, providing ample space for parking and maneuvering. The building boasts two loading docks and three drive-in doors, catering to efficient loading and unloading operations. The property is equipped with 230-460 power and benefits from public water and sewer, as well as natural gas service provided by Yankee Gas. Zoned LI Light Industrial, this location offers convenient access to I-95 via Exit 74. Six parking spaces are available for the office space. The asking lease rate is $2.50 per square foot, plus utilities. While the property requires some work, this presents a cost-effective opportunity for a business seeking a flexible and well-situated space. The building is classified as Class B.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LI · Niantic, CTNiantic. Always verify with local authorities before improvements.
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.