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$ 1,500,000
Est. payment | /mo
1 Bath
1,063 SqFt
$ 1,500,000
Est. payment | /mo
1 Bath
1,063 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,063 sqft
Price per Sqft $1,411
MLS Listing ID 24102108
Full Baths 1
Year Built 1924
Annual Tax Amount $2,617
Lot Size 1.120 Acres
Property Description
Mixed-Use Investment Opportunity on Busy Main Road - Stonington, CT Unique chance to own a residential/commercial property zoned for "Convenience Shopping" in the high-traffic corridor of Stonington, CT - perfect for developers, investors, or owner-operators looking for flexible, income-producing real estate. Prime Location at a Main thoroughfare with excellent visibility and traffic flow that includes main route between Foxwoods casino, RT95 and RI Beaches. Lot Size is Approx. 1.12 acres with potential to acquire adjacent 1-acre property and includes Single-Family Home for strong rental income potential or owner-occupy. Zoned for Convenience Shopping which allows for a mix of retail, office, service businesses, or redevelopment (subject to approvals) Investor Highlights: Commercial zoning in a residential setting - rare flexibility. High-demand location for retail, medical, or small business uses. Rental income from existing residence adds immediate value. Expand your footprint with neighboring parcel opportunity. Unlock the potential to Develop, lease, or land-bank in one of Stonington's busiest corridors. Opportunities like this don't come often - especially with expansion potential!
Location
State CT
County New London
Zoning CS-5
Interior
Heating Baseboard
Cooling Window Unit
Exterior
Utilities Available Electric, Telephone
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot, Additional Land Avail.
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Romina Moran • Media Realty Group, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "