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- LoopNet Team
115 Route 12
Preston, CT 06365
Former Parkes Place Restaurant · Land For Sale
·
5.79 AC
INVESTMENT HIGHLIGHTS
- Traffic counts in excess of 13,500 cars per day
- Over 550 ft of frontage on Route 12.
- Former abandoned gas station located across the street.
- Single family residence with the opportunity of rental income.
PROPERTY FACTS
DESCRIPTION
5.79 Acre parcel of Commercial Land & a single-family home with traffic counts in excess of 13,500 cars per day and adjacent to land owned by Mohegan Sun. These properties are located in a C-1 Zone with over 500 feet of frontage on Rt 12. Permitted uses include the following: Microbreweries, retail businesses such as retail, grocery stores, drug stores, sporting goods stores, restaurants, professional offices, barbershops, beauty salons, dry cleaners, and wellness centers. See more uses under section 8 of the Preston Zoning Regulations or request a property packet or memorandum of sale from your commercial real estate professional. Special exceptions under section 18 of the regulations include gas stations, automobile sales, package stores, & propane gas storage, which we believe to be the highest and best use of this site. Utilities in the street include electricity, cable television, telephone, municipal water, and natural gas. The single-family cottage was built in 1948 with 1,290 s.f. of living space and 2-3 bedrooms. We anticipate a NNN rental rate of approximately $1,500 after some TLC.
PROPERTY TAXES
| Parcel Number | PRES-000261-000012-000098 | Improvements Assessment | $0 |
| Land Assessment | $313,530 | Total Assessment | $313,530 |
PROPERTY TAXES
