426 Salem TpkeBozrah, CT 06334
- Office properties
- 10,476 SF
Property Details for 426 Salem Tpke
- Year built
- 1976
- Construction
- FRAME
- Lot size
- 2.50 AC
- Property size (Sq ft)
- 10,476 SF
- Zone code
- HC
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- BOZR M:19 L:071
- APU
- BOZRM19L071
Description
This exceptional two-story commercial property, totaling 2,340 square feet, offers two available suites in a vibrant location. The first floor boasts 1,500 square feet of versatile space, perfect for executive offices or coworking. This floor plan includes a reception area, lobby, open floor plan, and three private offices. Rent is $1,800 per month, gross plus utilities. The second floor comprises 840 square feet, featuring two offices and a file room, ideal for smaller businesses or medical practices. Monthly rent is $1,200, gross plus utilities. The building sits on a 2.5-acre lot, zoned HC, and enjoys high visibility with a daily traffic count of 6,300 vehicles. Its convenient location just beyond the Norwich town line provides easy access to I-395. The property is currently multi-tenant, with established businesses including Bozrah Pizza, Currie's Plumbing & HVAC, and Small Jay CPA as neighbors. This presents a unique opportunity for businesses seeking flexible and well-located office space in a thriving community. The maximum contiguous space available is 1,500 square feet.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,057,292
- 6.5%
- $1,899,038
- 7%
- $1,763,393
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,368,794
- Geo Method
- $1,368,794
-
Alternative Use
- Use
- Valuation
- Residential
- $2,354,808
- Hospitality
- $2,156,991
- Educational
- $1,794,591
- Medical
- $1,856,310
- Retail
- $2,791,586
Location Insight
- City
- Bozrah
- County
- New London
- State
- Connecticut
- Latitude
- 41.5069
- Longitude
- -72.1503
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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