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Citizens Bank 43 Pennsylvania Ave 4,285 SF Retail Building Niantic, CT 06357 $1,661,145 CAD ($387.67 CAD/SF)
INVESTMENT HIGHLIGHTS
- New zoning regulations friendly to mixed-use
- Front and rear parking lot access
- Downtown location with great walking/tourist potential
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,285 SF
Building Class
B
Year Built
1972
Price
$1,661,145 CAD
Price Per SF
$387.67 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.96 AC
Zoning
CB - Central Business
Parking
28 Spaces (6.53 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Banking
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 4,285 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,285 SF | Retail | - | Now |
1st Floor
| Size |
| 4,285 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | ELYM-001201-000015 | Improvements Assessment | $635,632 CAD |
| Land Assessment | $226,209 CAD | Total Assessment | $861,841 CAD |
PROPERTY TAXES
Parcel Number
ELYM-001201-000015
Land Assessment
$226,209 CAD
Improvements Assessment
$635,632 CAD
Total Assessment
$861,841 CAD
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Citizens Bank | 43 Pennsylvania Ave
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