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$ 699,000
Est. payment /mo
Active
863 Norwich New London Turnpike Montville, CT 06382
2,400 SqFt
UPDATED:
12/31/2024 10:30 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $291
MLS Listing ID 24055206
Year Built 1970
Annual Tax Amount $4,593
Lot Size 0.600 Acres
Property Description
USE RESTRICTIONS: GAS STATION AND CONVENIENCE STORE Seize the opportunity to own or lease this versatile 2,400 SF freestanding building, formerly home to a Cumberland Farms gas station and convenience store. Offered at $699,000 for sale, or available for a flexible ten-year triple net lease with a 3% annual increase, this property provides several options including renewal terms, lease-to-own, and consideration for shorter lease periods. Located in a prime, high-visibility area with easy access to major highways, shopping centers, and restaurants, the site has a daily traffic count of approximately 7,700 cars. Although restricted from gas station and convenience store operations, the property is ideal for a wide range of PERMITTED USES, including a BAKERY, BANK, COMMISSARY, SMALL-FORMAT DRUG STORE, MEDICAL OR PROFESSIONAL OFFICE, RESTAURANT, QUICK-SERVICE RESTAURANT (QSR), RETAIL STORE, SMOKE SHOP, OR DELI. Additionally, SPECIAL PERMIT USES allow for more tailored business opportunities such as AUTOMOTIVE SALES AND REPAIR, and BREWPUB. This property offers flexibility and endless possibilities to suit a variety of business ventures.
Location
State CT
County New London
Zoning C-1
Interior
Heating Hot Air
Cooling Central Air
Exterior
Utilities Available Electric Available
Roof Type Flat
Building
Lot Description Level Lot
Foundation Brick
Sewer Other
Water Other
Listed by Islam Ahmad • Regency Real Estate, LLC