11 Freedom WayEast Lyme, CT 06357

  • Industrial properties
  • 3.65 AC

Property Details for 11 Freedom Way

Lot size
3.65 AC
Zone code
LI
Property type
Industrial properties
APN
ELYM M:009.0 B:00027 L:00000
APU
ELYMM0090B00027L00000

Description

This exceptional 4,800-square-foot flex space, situated on a 1.36-acre lot in the desirable Rocky Neck Business Park, presents a unique opportunity for businesses seeking modern and versatile accommodations. Built in 2003, the property boasts a single-tenant occupancy and is fully vacant, offering immediate possession. The building features 18 parking spaces, ensuring ample convenience for employees and clients. The flexible layout allows for customization to suit various operational needs. Each unit includes an overhead door, bathroom, and air conditioning, enhancing both functionality and comfort. The property is handicap accessible, promoting inclusivity and accessibility for all. The zoning is LI (Light Industrial), providing flexibility for a range of businesses. The property's strategic location just off Exit 72 on I-95 provides excellent access to major transportation arteries, simplifying logistics and commuting. While individual unit sizes of 800, 1600, 3200, and 4000 square feet are mentioned, the entire 4800 square foot building is available. Rental rates are variable, starting at $800 per month for 800 square feet, plus utilities. The property's parcel number (APN) is 999999999, and it is located in New London County. This property offers a compelling blend of location, functionality, and modern amenities, making it an ideal investment for discerning businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $30,087,884
    Hospitality
    $27,560,340
    Educational
    $22,929,878
    Medical
    $23,718,472
    Retail
    $35,668,700

Location Insight

City
Niantic
County
New London
State
Connecticut
Latitude
41.3212
Longitude
-72.2454
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
$28,113
$294,000
$835,940
$1,129,940
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-
-
-

FAQs

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