4 Shaws CvNew London, CT 06320
- Other commercial real estate
- 29,240 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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