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1 New London Road, Salem Four CornersSalem, CT 06420MLS Number 170264674

  • Price: $1,590,000The 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: 2.8% last updated on 2020-10-22

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

Listed by Mei Ling Cheung of Kinard Realty Group
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1 New London Salem CT 064201 New London Salem CT 064201 New London Salem CT 064201 New London Salem CT 064201 New London Salem CT 064201 New London Salem CT 064201 New London Salem CT 064201 New London Salem CT 064201 New London Salem CT 064201 New London Salem CT 064201 New London Salem CT 064201 New London Salem CT 064201 New London Salem CT 06420
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  • $1,590,000List Price
  • 20.6Acreage
  • 23,320Square Feet
  • 1988Year Built
Salem Town Center with 18 units (rental spaces) located on very busy commuter Rt 85 (New London Rd.) Active businesses include a well known Donut shop, Liquor Store, Sandwich Shop, Pawn Shop, Music Store, Nail Salon, Chinese Restaurant, smoke shop and a number of other unique, long standing tenants. Huge lot 20.60 Acres, 75+ parking spaces, Year Built 1988. Gross Leasable area 18,100 Sqft, Gross building sqft 23,320. Great Investment Opportunity! Convenient to Mohegan Sun. Please note: information on the public record may not be accurate, buyer's must do their own due diligence. Please note: The information on this listing is provided by the public record and the owner. It is not guaranteed. Buyers must do their own due diligence.

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Market Realty, LLC

Your Local Office

Market Realty, LLC
28 Cottrell St
Mystic CT, 06355

Office: 860.572.1155

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More Info

Basic Information

  • Broker NameKinard Realty Group
  • List Price$1,590,000
  • MLS Number170264674
  • Property TypeCommercial For Sale
  • StatusACT
  • TownSalem
  • Commercial catagoryInvestment, Office, Retail, Other
  • Also for leaseNo
  • MLS StatusActive

Utilities

  • Heat SystemHot Air
  • Heating FuelPropane
  • Utilities availableElectric Available
  • Water sourcePrivate Well
  • Cooling SystemNone
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemSeptic

Tax Information

  • Assessed value$1,134,700
  • Taxes$36,537
  • Tax YearJuly 2020-June 2021
  • Milrate base32
  • Milrate total32.2

Building

  • FoundationNone
  • RoofTar/Gravel
  • Year Built1988
  • Building ConstructionMasonry
  • AtticNo
  • Garage Spaces
  • Garage Parking InfoParking Lot
  • Square Feet23,320
  • Additional space availableNo

Other

  • Documents AvailableNone
  • Lease purchaseNo
  • Purchase optionNo
  • Inventory includedNo
  • Space is leasedNo
  • Present useShopping Center
  • View Count5

Basic Information

  • Agent ID20814,

Location

  • CountyNew London
  • LocationHighway Access
  • NeighborhoodSalem Four Corners
  • StateCT
  • Zip06420

Property

  • Acreage20.6
  • Lot DescriptionCorner Lot
  • Parking Spaces
  • Parking spaces covered
  • Parking spaces uncovered
  • Parking spaces per 1000sqft
  • FloodzoneNo
  • Road Frontage DescriptionInterstate Highway
  • SwimmingpoolNo

Auction

  • Bank owned propertyNo

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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