For Sale Details

$199,500
$38.37 / SF
  • Property Type Retail / Restaurant
  • Sale Type Investment
  • Status Active
  • Created 05/24/21
  • Updated 08/31/21

About 391 Norwich-Westerly Road, North Stonington, CT 06359

Great investment opportunity! Single tenant commercial condo 1,656sf property highly visible in Holly Green Plaza which includes a post office, offices, bank and retail spaces in this complex. The lease just renewed for five years. Chinese restaurant. 8 CAP, NOI @ $15,900. For Sale $199,000.

DIRECTIONS: I-95 Exit 92. Go west on Route 2 about 3.7 miles, on left.

Building Details

  • Tenancy: Multitenant
  • Building Area (SF): 5,200
  • Year Built: 1988
  • Number of Stories: 2
  • Number of Buildings: 4
  • Building Class: B

Land Details

  • Acreage: 5.30
  • Sewage System: Septic
  • Water System: Well

Financial Characteristics

  • Effective Gross Income: $26,400
  • Operating Expenses: $10,500
  • Cap Rate: 8%
  • Occupancy Percent: 100%

Documents for 391 Norwich-Westerly Road, North Stonington, CT 06359

391 Norwich-Westerly Rd BROCHURE.pdf

The Retail / Restaurant property at 391 Norwich-Westerly Road, North Stonington, CT 06359 is currently available for sale. Contact Norman Peck from Pequot Commercial for more information.