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516 Vauxhall St
New London, CT 06320
Office Property For Sale

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INVESTMENT HIGHLIGHTS

  • Situated on two heavily traveled municipal streets, it features 2 driveway cuts and plenty of parking.
  • 2 Story Wood Frame Building with Ample Parking.
  • Building includes lots of Natural LIGHT!
  • Located on a corner lot, there is easy access from I-95.

EXECUTIVE SUMMARY

It is exciting to bring this 9,870 sq. ft., Class B, Professional Office Building to the market. This two-story wood frame building is a fantastic opportunity for business owners or investors. Located on a corner lot, there is easy access from I-95. Situated on two heavily traveled municipal streets, it features 2 driveway cuts and plenty of parking. The paved lot includes 31 marked, off-street parking spaces. Inside, the building has 6 spacious office suites, 3 on each floor. Every suite has its own private half-bathroom, making it convenient for tenants and employees. With separate front and rear entrances, you will find carpeted staircases leading to each floor, ensuring a comfortable and professional atmosphere. Each suite operates independently with its own electric meter, giving tenants control over their utilities. The property also includes a seventh electric meter for house utilities. Additionally, there are 6 natural gas meters and 6 air conditioning compressors, ensuring every space is individually climate controlled. Every suite also comes with its own natural gas-fired furnace and hot water heater, providing efficient heating and hot water. Whether you're looking for a property to occupy yourself, with additional income producing tenants or simply seeking an investment opportunity, this building is must-see. Schedule your private tour today before it's GONE!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,870 SF
Building Class
C
Year Built
1986
Price
$1,108,533 CAD
Price Per SF
$112.31 CAD
Percent Leased
62%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,935 SF
Slab To Slab
10’
Building FAR
0.42
Lot Size
0.54 AC
Zoning
C-2 - Light Commercial
Parking
27 Spaces (2.74 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Natural Light
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NLON-000051-000269-000007
Land Assessment
$351,706 CAD
Improvements Assessment
$702,024 CAD
Total Assessment
$1,053,730 CAD
  • Listing ID: 34048449

  • Date on Market: 2024-12-02

  • Last Updated:

  • Address: 516 Vauxhall St, New London, CT 06320

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