4 Shaws CvNew London, CT 06320

Property Details for 4 Shaws Cv

Year built

1987

Construction

STEEL FRAME

Lot size

2.31 AC

Property size (Sq ft)

29,240 SF

Property type

Showrooms

APN

NLON M:F15 B:0110 L:0001-5

APU

NLONMF15B0110L00015

Description

This two-story, 26,572 square foot medical office building, constructed in 1987, is situated on a 2.31-acre lot at 4 Shaws Cove in New London, CT 06320. The property features one building with elevators and is zoned LI. Multiple tenancy is available, with a minimum divisible space of 550 square feet and a maximum contiguous space of 4,212 square feet. Currently, three first-floor medical office suites are available for lease: Suite 102 (1,404 square feet), Suite 104 (550 square feet), and Suite 105 (3,662 square feet). Suites 104 and 105 can be leased contiguously, totaling 4,212 square feet. The building offers convenient access to I-95 and ample on-site parking. This prime location in Shaw's Cove Office Park presents a unique opportunity for medical professionals seeking modern, well-maintained office space in New London, Connecticut.

• CAP approach

  CAP return

  Valuation

  6%

  $7,106,340

  6.5%

  $6,559,699

  7%

  $6,091,149

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,627,656

  Geo Method

  $9,627,656

• Alternative Use

  Use

  Valuation

  Residential

  $5,533,352

  Hospitality

  $5,068,520

  Educational

  $4,216,950

  Medical

  $4,361,977

  Retail

  $6,559,699

Location Insight

City

New London

County

New London

State

Connecticut

Latitude

41.3468

Longitude

-72.101

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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