37 South Broad St Stonington, CT 06379
- Commercial real estate
Current Use by Public Records
- LibertyX Bitcoin ATM / Atm
Property Details for 37 South Broad St
- Property type
- Commercial real estate
Description
This exceptional 0.8+ acre commercial land parcel presents a unique investment opportunity in the thriving Pawcatuck, Connecticut market. Located directly adjacent to the bustling Pawcatuck Shopping Center, anchored by Walgreens and Renegade Gym, this site boasts exceptional visibility and accessibility. The property benefits from a high daily traffic count exceeding 9,800 vehicles, ensuring significant exposure for any new development. A land lease is available at $38,000 per year on a Net, Net, Net (NNN) basis, offering a predictable income stream. Furthermore, a build-to-suit option allows for the construction of a custom-designed building tailored to specific business needs. The property owner also owns the abutting shopping plaza, presenting potential synergies for shared access, parking, and other amenities. An existing house, currently rented on a month-to-month basis, occupies the east side of the property. Detailed zoning regulations are available upon request. The property's strategic location on Route 1 (also known as South Broad Street) provides easy access and high visibility for businesses. This is an unparalleled chance to establish a presence in a vibrant commercial area with strong existing infrastructure and high traffic volume. Don't miss this opportunity to capitalize on this prime location.
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
- -71.845611928198
- Latitude
- 41.375192863364
