426 Salem TpkeBozrah, CT 06334

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 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.

• 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

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