466 COLMAN ST New London CT 06320-3739 APN: C09-218-10

Property History

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Property Type

Retail, Special Purpose

Property Subtype

Storefront, Car Wash

Asking Details

Asking Cap Rate

******

Marketing Description

~1.0 acres of flat paved commercially zoned property on very busy Colman Street in New London. Abuts the Mercedes Dealership and in vicinity of multiple car dealerships and Fast Food restaurants; Great traffic count and exposure.

Investment Highlights

A new listing on Colman street in New London. It consists of two different properties that abut each other. Each of the two properties have buildings on them, but likely the buildings will be knocked down for new construction. The property is listed as the combination of two abutting properties, so the acreage is described as "just shy of one acre" instead of .49 and .46 acres.
Provided is a link to each property's Vision Appraisal report, as well as the following information:
Asking $1,000,000 for both properties.
474 Colman:
Two buildings in a C-2 Zone; 1,024SF and 2,190SF free standing, single story, buildings on .46 acres of Commercial property on Colman Street in New London. Daily Traffic count is: 16,000.
http://gis.vgsi.com/newlondonct/Parcel.aspx?Pid=6627
466 Colman:
One Automotive Butler type building with two overhead doors; a 4,920 SF free standing building built in 1982. .49 acres of C-2 Zone property on heavily trafficked Colman Street; daily traffic count = 16,000.
http://gis.vgsi.com/newlondonct/Parcel.aspx?Pid=6628

Loan History

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Financial History

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Tax History

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Contact Information

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