For Sale Details
$199,500
$38.37 / SF
$38.37 / SF
- Property Type Retail / Restaurant
- Sale Type Investment
- Status Active
- Created 05/24/21
- Updated 12/09/22
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.pdfThe 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.
For Sale by
Call:
860-447-9570
Ext: 133
Company:
Pequot Commercial
Email:
npeck@pequotcommercial.com