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270 Montauk Avenue, Unit ANew London, CT 06320MLS Number 170207090

  • Price: $185,000The price has recently decreased
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 3.56% last updated on 2019-09-12

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 0.42Acreage
  • 1972Year Built
  • 1,654Square Feet
  • OfficeCommercial catagory

This offering is for one of two Commercial Condominiums located at 268-270 Montauk Ave, New London CT. This unit containing 1656 Square Feet of space is currently being used as a Health Care Medical facility with a reception-patient waiting area, four exam rooms, a lab, two offices, an employee break room, a storage area and three bathrooms. The building and the interior spaces have been maintained very nicely providing the new owner with a property requiring minimal maintenance and upkeep. The current tenant has a lease term until October 2022 however it might be possible to terminate this lease if any potential buyer will be an owner occupied tenant. If not the property could sever as a solid investment with an annual increasing rental rate. There are 16 parking spaces on site with availability of on street parking increasing capacity. The existing lot might be expanded as well. The parking is shared between the two units. All showing appointments will need to be scheduled in advance. For those Health Care/Medical professionals Lawrence & Memorial Hospital is a short distance down the street less than one quarter of a mile. This Particular unit is Unit A with an entry in the rear of the building. It is wheelchair accessible with a handicapped bathroom. Unit B 268 Montauk Ave is also available see MLS 170211884. Unit A & B total 3400 SF of space and comprise the entire building know as 268-270 Montauk Ave.

Listed by Michael Franklin of William Raveis Real Estate

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Market Realty, LLC

Your Local Office

Market Realty, LLC
28 Cottrell St
Mystic CT, 06355

Office: 860.572.1155

More Info

Basic Information

  • Broker NameWilliam Raveis Real Estate
  • List Price$185,000
  • MLS Number170207090
  • Property TypeCommercial For Sale
  • StatusACT
  • TownNew London
  • Commercial catagoryOffice
  • Also for leaseNo

Interior

  • Handicap FeaturesAccessible Bath, Handicap Parking
  • Interior featuresEmployee Lounge, Security System

Exterior

  • Exterior featuresDoor Sign, Gutters, Lighting

Utilities

  • Heat SystemGas on Gas
  • Heating FuelNatural Gas
  • Utilities availableElectric, Gas, Telephone, Cable
  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected
  • Electric Volts200

Tax Information

  • Assessed value$245,420
  • Taxes$9,792
  • Tax YearJuly 2019-June 2020
  • Milrate base39
  • Milrate total39.9

Building

  • FoundationMasonry
  • RoofAsphalt Shingle
  • Year Built1972
  • Building ConstructionFrame, Brick
  • AtticNo
  • Garages
  • FlooringVinyl, Wall-to-Wall Carpet
  • Ceiling height8
  • Garage Parking InfoPaved, On Street Parking, Off Street Parking
  • Square Feet1,654
  • Restrooms number of3
  • Sqft office1654
  • Stories2
  • Additional space availableYes

Auction

  • Bank owned propertyNo

Other

  • Documents AvailableAppraisal
  • Lease purchaseNo
  • Purchase optionNo
  • Inventory includedNo
  • SubdividableUnknown
  • Space is leasedNo
  • Present useHealth Care / Medical
  • Potential useOffices / Multi-Family
  • View Count10

Basic Information

  • Agent IDFRANKLIN,

Location

  • CountyNew London
  • LocationUrban
  • StateCT
  • Zip06320

Property

  • Acreage0.42
  • Lot DescriptionSloping Lot
  • Parking Spaces16
  • Parking spaces covered
  • Parking spaces uncovered16
  • Parking spaces per 1000sqft4
  • FloodzoneNo
  • Business includedNo
  • Road Frontage56
  • Road Frontage DescriptionMunicipal Street
  • SwimmingpoolNo

Water Body

  • WaterfrontNo

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Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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