70 Essex Rd Westbrook, CT 06498-1568
This well-maintained, three-level office building offers 6,424 square feet of space in a highly desirable downtown Westbrook location. The building features an elevator servicing all three floors and benefits from excellent accessibility, situated near I-95, Route 9, Route 1, the Westbrook Train Station, and the Westbrook Outlets. This property is being offered for sale at $795,000 and must be purchased in conjunction with the adjacent commercial condominium listed under MLS 2403708. A larger acquisition opportunity exists, encompassing a total of 2.08 acres and four buildings totaling 24,894 square feet, including this property and the property located at 36 Westbrook Place (MLS 24047234). This combined parcel presents a significant investment opportunity. The building is also available for lease at a rate of $12.50 per square foot, triple net (NNN). The half-acre lot provides ample space and convenient access. This is an exceptional opportunity for businesses seeking a prominent location with excellent transportation links and nearby amenities. Serious inquiries only.
-
Risk Strategies | Gowrie Group Insurance Agency
-
Maritime Program Group Insurance Agency
-
Bill It Now Corporate Office
• CTC Commercial Town Center District • NCD Neighborhood Commercial District • TIC Turnpike Interchange Commercial District • CB Commercial Boating District • RD Resort District • LI Light Industrial District • ID Industrial District A. PURPOSES 1. Commercial Town Center (CTC) District - The purpose of the Commercial Town Center (CTC) District is to maintain…
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
CTC · Westbrook, CT• CTC Commercial Town Center District • NCD Neighborhood Commercial District • TIC Turnpike Interchange Commercial District • CB Commercial Boating District • RD Resort District • LI Light Industrial District • ID Industrial District A. PURPOSES 1. Commercial Town Center (CTC) District - The purpose of the Commercial Town Center (CTC) District is to maintain, enhance and promote a mixed-use, pedestrian-scale downtown area with a strong sense of place. The District provides for the central retail, office, cultural and governmental activities of the community as well as encouraging limited residential use. The Regulations encourage harmony and compatibility of design in an area of buildings built at different times and under no or various zoning regulations. The object is to permit the rehabilitation or rebuilding of existing buildings on or close to the street and property lines, thus preserving the historic look of the Town Center.
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.