For Lease
$17.40/SF/YR

863 Norwich-New London Tpke Montville, CT 06382

Prime Retail Space, High Traffic Area

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
134
This 2,400 square foot freestanding building, constructed in 1970, presents a unique investment opportunity. Previously a gas station and convenience store, the property is available for purchase at $699,000 or lease under a triple net (NNN) ten-year agreement with a 3% annual rent increase. Flexible lease terms are available, including lease-to-own options and shorter lease durations. The property enjoys a highly visible location with excellent accessibility, situated near major highways, shopping centers, and restaurants. Daily traffic counts average approximately 7,700 vehicles. While gas and convenience store operations are restricted, the property is zoned for a variety of uses, including bakery, bank, commissary, small-format drug store, medical or professional office, restaurant, quick-service restaurant (QSR), retail store, smoke shop, and deli. Special permits allow for automotive sales and repair, and brewpubs. This versatile property offers significant potential for a wide range of businesses seeking a high-traffic location with ample visibility. The single-tenant building provides a solid foundation for a successful enterprise.

Highlights

  • 2,400 SF freestanding retail building.
  • Single-tenant occupancy.
  • Built in 1970.
  • Priced at $699,000 or available for a triple-net lease.
  • High-visibility location with approximately 7,700 cars daily traffic count.

Property Details for 863 Norwich-New London Tpke

Property type
Retail properties
RSF (Rentable sq. ft)
2,400 SF
Year Built
1970

Unit(s) available at that property

Space
Size
2,400 SF
Rate per SF
$17.40

Location Insight

City
Montville
County
New London
State
Connecticut
Latitude
41.448971016637
Longitude
-72.105867455027

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FAQs

What type of property is this?
Retail property - Prime Retail Space, High Traffic Area
Where is the retail property located?
The property is located at 863 Norwich-New London Tpke Montville, CT.
What is the lease rate?
The lease rate is $17.40/SF/YR.
What are key features of this property?
This property features: 2,400 SF freestanding retail building.; Single-tenant occupancy.; Built in 1970.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Islam Ahmad
Islam Ahmad
Visit Broker Website

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Norwich-New London Tpke
Montville, CT 06382

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Norwich-New London Tpke
Montville, CT 06382

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

863 Norwich-New London Tpke
  • Islam Ahmad
    Islam Ahmad
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