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$ 500,000
Est. payment | /mo
4 Baths
4,322 SqFt
$ 500,000
Est. payment | /mo
4 Baths
4,322 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,322 sqft
Price per Sqft $115
MLS Listing ID 24064116
Full Baths 4
Year Built 2004
Annual Tax Amount $7,328
Lot Size 1.500 Acres
Property Description
Mixed-use property on Hartford Turnpike "85" With a high traffic count between 95 and 395 interstates. This Waterford location is convenient to most major shopping stores and new developments on 85 including medical centers. The commercial space is currently leased with annual increases until 2026 for renegotiations. There is a Handicapped accessible ramp into the common space with a waiting area reception space, 2 private offices, and a half bath. The second floor has 3 spacious offices. The property is zoned I-G and is currently a publications office. The residential unit has been completed and updated with fresh modern details. There is a grand staircase in the foyer. The formal dining room has tray ceilings, and the kitchen is a chef's dream fully applianced, with double ovens and a large granite Island. The living room is connected in this open concept Floorplan, the parlor leads to the formal living room that is now an entertainment space. The new deck is off the kitchen with a hot tub that can be negotiated. Upstairs you will find 3 spacious bedrooms and a primary ensure with a jacuzzi tub. Separate stand-up shower and a large walk-in closet. This residential space can come completely furnished for an additional cost. This has been a lucrative Airbnb Str rental. Gross earnings for residential in 2024 were $41,760. The commercial Rent for 2024 is $22,932 totaling $62,692 year to date. Lease and earnings are available upon request.
Location
State CT
County New London
Zoning Ig
Interior
Interior Features Security System
Heating Baseboard, Hydro Air
Cooling Central Air
Exterior
Exterior Feature Doors - 10-15 ft, Gutters, Lighting, Pole Sign
Parking Features Paved, Off Street Parking
Utilities Available Electric, Phone Available, Cable, Fire Suppression System
Roof Type Asphalt Shingle
Building
Lot Description Sloping Lot
Story 2
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Nancy Potts • Coldwell Banker Realty