43 Pennsylvania AveEast Lyme, CT 06357

Property Details for 43 Pennsylvania Ave

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.79 AC

Property size (Sq ft)

3,065 SF

Zone code

CB

Property type

Retail properties

Property subtype

Banks

APN

ELYM M:012.1 B:00015 L:00000

APU

ELYMM0121B00015L00000

Description

This exceptional retail property, located at 43 Pennsylvania Avenue in East Lyme, Connecticut, offers a fantastic opportunity for businesses seeking high visibility and convenient access. The building boasts a generous 3,065 square feet of space, currently configured for multiple tenants. Its strategic location in New London County, zip code 06357, ensures high traffic volume and excellent exposure. A key advantage is the inclusion of a double drive-thru, a highly desirable feature for quick-service restaurants or similar businesses. Ample parking is available, providing convenient access for customers and employees. The property is classified as retail, offering a versatile space adaptable to a variety of commercial uses. The address is 43 Pennsylvania Ave, East Lyme, CT 06357. This property presents a rare chance to establish or expand a business in a thriving Connecticut community. The building's size and features make it ideal for a variety of retail concepts. The double drive-thru and abundant parking significantly enhance its appeal and potential for success. Serious inquiries are encouraged to explore this exceptional retail investment opportunity. The property is situated at latitude 41.3252606 and longitude -72.1923779.

• CAP approach

  CAP return

  Valuation

  6%

  $744,902

  6.5%

  $687,602

  7%

  $638,487

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,009,192

  Geo Method

  $1,009,192

• Alternative Use

  Use

  Valuation

  Residential

  $580,018

  Hospitality

  $531,293

  Educational

  $442,030

  Medical

  $457,232

  Retail

  $687,602

Location Insight

City

Niantic

County

New London

State

Connecticut

Latitude

41.3253

Longitude

-72.1922

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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