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400 Bayonet St
New London, CT 06320
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Perfect for income growth
- Lower Level can be converted to warehouse space with loading dock
EXECUTIVE SUMMARY
Available for sale is Bayonet Street Professional Offices. The property is situated next to New London Mall which is home for Marshalls, Home Goods, Verizon, Pet Smart, and other well-recognized retail brands. Convenient access to I-95 interstate highway, minutes away from major employees: General Dynamics ( EB ), Pfizer, Foxwood Casino.
The property offers ample parking and an elevator. Most of the units in the building come with a private kitchenette and bathroom. offers ADA accessibility, abundant natural light, and clear span construction for easy floor plan modifications. Heating & cooling are controlled by the tenant. Added expansion available for high-volume tenants.
Lower Level can be used for warehouse light industrial with loading doc.
The property offers ample parking and an elevator. Most of the units in the building come with a private kitchenette and bathroom. offers ADA accessibility, abundant natural light, and clear span construction for easy floor plan modifications. Heating & cooling are controlled by the tenant. Added expansion available for high-volume tenants.
Lower Level can be used for warehouse light industrial with loading doc.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
40,000 SF
Building Class
B
Year Built
1987
Price
$4,100,000
Price Per SF
$102.50
Cap Rate
3.09%
NOI
$126,568
Percent Leased
62%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
10,000 SF
Slab To Slab
12’
Building FAR
0.47
Lot Size
1.94 AC
Opportunity Zone
Yes
Zoning
C-2 - Section 520 C-2 - Limited Commercial District (Amended 04/20/10)
Parking
95 Spaces (2.38 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Central Heating
- Natural Light
- Air Conditioning
PROPERTY TAXES
| Parcel Number | NLON-000051-000311-000008 | Improvements Assessment | $2,231,100 |
| Land Assessment | $598,700 | Total Assessment | $2,829,800 |
PROPERTY TAXES
Parcel Number
NLON-000051-000311-000008
Land Assessment
$598,700
Improvements Assessment
$2,231,100
Total Assessment
$2,829,800
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