Listed by Compass - Washington
$450,000
82 Norwich-Westerly Rd Building B&G
Details
APN 1537424; 1537425; 1537426; 1537427; 1537432; 1537433; 1537434; 1537435
Property Type Retail, Office
Sub Type Executive Office
Square Footage 4,800
Units 8
Cap Rate 75.00%
Tenancy Multi
Lease Type Modified
Price per SqFt $94
Year Built 1991, 1993
Buildings 2
Stories 2
Acreage 1.830
Zoning EDD
Parking Spaces 40 spaces
Parking Per SqFt 8.33
Retail | 75.00% CAP | 4,800 SqFt
Marketing description
Great location. Convenient quick access from I-95, abuts Westerly RI and Stonington CT. Close to the Rhode Island beaches, Mystic
CT and major employers in the Groton/New London area. Good on-site parking. Buildings and grounds look good. North Stonington
Zoning is flexible. The Zone is EDD. Permitted by right (SPL and ZP) includes Commercial, Financial, Hospitality, Institutional, Medical,
Mixed Use, Office (General), Personal and Retail. Cannabis (Retail) is possible with a Special Permit. Site was originally platted for a
fourth building.
Investment highlights
- 2400 SF each building
- 1.83 acres owned by joint LLC
- Located at RT 2 & RT 184 circle
- Ample parking front/back, 40+
- Handicap accessible, lower level
- Central AC, propane heat/heat pump
- Shared well & septic
- Units B2&B4 for lease $1,300 + utilities
Listing Contacts
Listed by Compass - Washington
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