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Property profile & analytics
OFF-MARKET Estimated value $820,000
Industrial properties

36 Industrial Park Rd Niantic, CT 06357-1262

18,348 SF 1.27 ac lot Built 1975
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US15-0023559
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,348 SF
Lot 1.27 ac (55,321 SF)
Zoning code LI
APN ELYM M:026.3 B:00021 L:00000
UPID US15-0023559
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hans Portable Toilet Rentals Building Supply
  • New England Pump & Valve Company Building Supply
  • Chloe Scott Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$918k
Blend (final) Blend
$820k
Owner & transaction history
Ledge Light Capital LLC · 10 yrs held
Ledge Light Capital LLC
since 2016
5 recorded transactions
2016
$700,000
1998
$400,000
1995
Price N/A
1994
Price N/A
1993
Price N/A
Zoning & alternative use
LI · Niantic, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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