184 Flanders Rd - Auto Repair FOR SALE


Niantic, CT 06357- Southwest New London/Lyme
$945,000 USD
860-675-9787
184 Flanders Rd, Niantic, CT for Sale
$945,000 USD
Auto Repair - FOR SALE
1/6
null | 4.93% Cap Rate

184 Flanders Rd
Niantic, CT 06357
Southwest New London/Lyme


HIGHLIGHTS

  • Excellent site for commercial and mixed land use
  • Significan frontage on busy primary street with adequate paved parking (6090 sqft) and additional gravel area in back for parking/storage
  • Regular updating of property

OVERVIEW

This 1.28-acre property is located on one of East Lyme’s primary corridors and boasts of over 200 feet of frontage with an A.A.D.T. of 15,100 vehicles. Minutes from I-95 and I-395, this two-floor mixed use building is zoned for commercial use. The first floor is made up of a 1170 sf retail space with a 13 ft high ceiling and a 3-bay garage of 1478 sf, with a ceiling height of 18 feet. The second floor houses three 688 sf 1-bedroom apartments. In addition an attached 530 sf 3 season porch is part of one of the apartments, Lastly, there is a 500 sf attached 1-car garage and a 60 sr loft above a bay. The property, being sold as is, is connected to public water/sewer and has a land to building ratio of 8:56:1.

FOR SALE DETAILS

PRICE

$945,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

4.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

CA

APN/PARCEL ID

ELYM-002603-000013

ASK ABOUT THIS PROPERTY

Eida Yokubinas184 Flanders Rd LLCMore Info
860-675-9787

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Eida Yokubinas184 Flanders Rd LLCMore Info
860-675-9787

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.