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$ 375,000
Est. payment | /mo
1 Bath
0.42 Acres Lot
$ 375,000
Est. payment | /mo
1 Bath
0.42 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24177503
Half Baths 1
Year Built 1950
Annual Tax Amount $4,373
Lot Size 0.420 Acres
Property Description
554 Pond Rd is a commercial building built in 1970 on .42 acres. It is C2 zoning and has an upgraded 200 amp electrical system (2024), private well and septic system and a new roof (2024). Daily traffic is 2,037 vehicles with 11,164 vehicles on Rt 32 about 1/4 mile. The commercial building has 13 bays plus an office and is a great opportunity for commercial rentals, Last market valuation was $294,000 and current CMA $298,060. WHAT's GREAT. Across the street is a separate deeded property 557 Pond Rd on 5.49 acres of open land offering an excellent low cost high cash flow self storage facility. No need for water, septic, heat. Electricity available for lighting and security. Demand is high. Pond on rear of the property. Last market value was $193,500 and current CMA $193,500. Combined market value is $481,560. for both properties. Great asking price of $375,000. Offers on one or both properties is available. Possible some limited owner financing. BRING ALL OFFERS.
Location
State CT
County New London
Zoning C-2
Interior
Heating Other
Cooling None
Flooring Concrete
Exterior
Exterior Feature Doors - 10-15 ft
Utilities Available Electric
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Story 1
Foundation Concrete
Sewer Septic
Water Private Well
Listed by Ernie Lacore • Compass Connecticut, LLC
Nearby Locations
Kristopher Tramont
Broker Associate | REB. REB.0794869
+1(860) 884-9511 | kris@kristophertramont.com