426 Salem Tpke Bozrah, CT 06334
- Office buildings
- 10,476 SF
- 2.50 lot acres
Current Use by Public Records
- Ajs/Shakun Insurance & Financial / Insurance Agency
- Currie's Plumbing, Heating, & Cooling Inc. / Air Conditioning Contractor / Bathroom Remodeler
- Bozrah Pizza Restaurant / Pizza Restaurant
- Small Jay CPA / Tax Preparation Service
Property Details for 426 Salem Tpke
- Year built
- 1976
- Construction
- FRAME
- Lot size
- 2.50 lot acres
- Property size
- 10,476 SF
- Zone code
- HC
- Property type
- Office buildings
- APN
- BOZR M:19 L:071
- APU
- BOZRM19L071
Description
This exceptional two-story commercial property, totaling 2,340 square feet, offers two available suites in a vibrant location. The first floor boasts 1,500 square feet of versatile space, perfect for executive offices or coworking. This floor plan includes a reception area, lobby, open floor plan, and three private offices. Rent is $1,800 per month, gross plus utilities. The second floor comprises 840 square feet, featuring two offices and a file room, ideal for smaller businesses or medical practices. Monthly rent is $1,200, gross plus utilities. The building sits on a 2.5-acre lot, zoned HC, and enjoys high visibility with a daily traffic count of 6,300 vehicles. Its convenient location just beyond the Norwich town line provides easy access to I-395. The property is currently multi-tenant, with established businesses including Bozrah Pizza, Currie's Plumbing & HVAC, and Small Jay CPA as neighbors. This presents a unique opportunity for businesses seeking flexible and well-located office space in a thriving community. The maximum contiguous space available is 1,500 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $615,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $840,000
- 6.5%
- $905,000
- 7%
- $875,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $725,000
- Geo Method
- $720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $880,000
- Retail
- $755,000
- Mixed-Use
- $795,000
- Hospitality
- $865,000
- Educational
- $885,000
- Residential Income
- $715,000
- Energy
- $740,000
- Income-Based Land
- $660,000
- Food Service
- $720,000
Location Insight
- Map
- Local Demand
- City
- Bozrah
- County
- New London
- State
- Connecticut
- Longitude
- -72.1503
- Latitude
- 41.5069
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA