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


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
Building Size
9,870 SF
Building Class
C
Year Built
1986
Price
$799,000
Price Per SF
$80.95
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
| Parcel Number | NLON-000051-000269-000007 | Improvements Assessment | $506,000 |
| Land Assessment | $253,500 | Total Assessment | $759,500 |
PROPERTY TAXES
Parcel Number
NLON-000051-000269-000007
Land Assessment
$253,500
Improvements Assessment
$506,000
Total Assessment
$759,500
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