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Property profile & analytics
FOR SALE
Banks

43 Pennsylvania Ave Niantic, CT 06357

3,065 SF 0.79 ac lot Built 1972
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US15-0613116
Property summary
AI-generated overview

This exceptional retail property, located at 43 Pennsylvania Avenue in East Lyme, Connecticut, offers a fantastic opportunity for businesses seeking high visibility and convenient access. The building boasts a generous 3,065 square feet of space, currently configured for multiple tenants. Its strategic location in New London County, zip code 06357, ensures high traffic volume and excellent exposure. A key advantage is the inclusion of a double drive-thru, a highly desirable feature for quick-service restaurants or similar businesses. Ample parking is available, providing convenient access for customers and employees. The property is classified as retail, offering a versatile space adaptable to a variety of commercial uses. The address is 43 Pennsylvania Ave, East Lyme, CT 06357. This property presents a rare chance to establish or expand a business in a thriving Connecticut community. The building's size and features make it ideal for a variety of retail concepts. The double drive-thru and abundant parking significantly enhance its appeal and potential for success. Serious inquiries are encouraged to explore this exceptional retail investment opportunity. The property is situated at latitude 41.3252606 and longitude -72.1923779.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,065 SF
Lot 0.79 ac (34,412 SF)
Zoning code CB
APN ELYM M:012.1 B:00015 L:00000
UPID US15-0613116
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
  • Citizens Bank Loan Service
  • Citizens ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Abridge Invs Niantic LLC · 4 yrs held
Abridge Invs Niantic LLC
since 2022
2 recorded transactions
2022
Price N/A
2008
Price N/A
Zoning & alternative use
CB · Niantic, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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