43 Pennsylvania Ave - Bank FOR SALE


Niantic, CT 06357- Southwest New London/Lyme
$1,190,000 USD
43 Pennsylvania Ave, Niantic, CT for Sale
$1,190,000 USD
Bank - FOR SALE
1/18
null | Request Cap Rate

43 Pennsylvania Ave
Niantic, CT 06357
Southwest New London/Lyme


HIGHLIGHTS

  • New zoning regulations friendly to mixed-use
  • Downtown location with great walking/tourist potential
  • Front and rear parking lot access

OVERVIEW

Situated in the heart of downtown Niantic, 43 Pennsylvania Avenue presents an exceptional opportunity for owner-users, investors, or developers seeking a versatile commercial asset in one of East Lyme’s most visible and walkable corridors. The building spans approximately 3,065 square feet on a 0.79-acre parcel with ample on-site parking and asphalt paving. Originally constructed as a bank in 1972, the property features robust infrastructure including 300-amp, 3- phase electrical service, a central heat and air conditioning system installed in 2022, and ADA-compliant entrances.

FOR SALE DETAILS

PRICE

$1,190,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Citizens Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

CB

APN/PARCEL ID

ELYM-001201-000015

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