4 Shaws CvNew London, CT 06320

  • Other commercial real estate
  • 29,240 SF
For Lease

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
Other commercial real estate
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
4 Shaws Cv, New London, Connecticut

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$126,015
$534,660
$2,744,420
$3,279,080
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-
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