426 Salem TpkeBozrah, CT 06334

  • Office properties
  • 10,476 SF
For Lease
$14/SF/YR View listing

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
426 Salem Tpke, Bozrah, Connecticut

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

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
$8,466
$72,800
$303,450
$376,250
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-
-
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