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20 S Anguilla Rd
Pawcatuck, CT 06379 Southeast New London

$199,900 USD

Office Condo For Sale  •  1,596 SF

Property Details

  • Property Type Office
  • Total Building Size 12,186 SF
  • Lot Size 0.25 AC
  • Building Class C
  • Year Built 1984
  • Cap Rate 15.79 %
  • Tenancy Multiple
  • Zoning CS-5
0 Transit Score
16 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 8 Office 1,596 SF $199,900 USD
  • Unit Size: 1,596 SF
  • Condo Use: Office
  • Price: $199,900 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $125.25 USD
Description
Spacious and Versatile Commercial Condo, Ideal for Owner Occupants or Investors. This large, light-filled commercial condo offers a flexible layout and income potential. Currently divided into four private office suites, with its own entrance, this space is ideal for an owner occupant looking to rent out the additional units or a full investor looking for strong rental opportunity. The suites share a common bathroom, kitchenette, and welcoming waiting area, making it perfect for a variety of professional uses such as medical, legal, real estate, therapy, or media/creative workspaces. Floor to ceiling windows flood the space with natural light, creating a bright and inviting atmosphere for both clients and staff. Located in a well maintained professional building who currently has tenants of attorneys, chiropractors, dentist, therapist, hairdresser and contractor office. the building features an elevator and ample on-site parking, this unit offers both convenience and accessibility. The property is situated in a central location with easy access to major roads, making it an excellent spot for growing or relocating your business. With the property facing Route 1, this offers excellent visibility for signage and attracting passing traffic.  Whether you're seeking a hub for your operations or a multi unit investment with leasing potential, this commercial condo checks all the boxes. The possibilities here are wide open!

Sale Notes
Turnkey investment opportunity in Pawcatuck with flexible layout and income potential.  This commercial condo offers 4 separate units, ideal for small businesses, professional offices or service providers such as attorneys, chiropractors, acupuncture, dentist, therapist, hairdressers, and contracting offices.   Municipal street with easy access.  Ample parking and low maintenance.

Description

Spacious and Versatile Commercial Condo, Ideal for Owner Occupants or Investors. This large, light-filled commercial condo offers a flexible layout and income potential. Currently divided into four private office suites, with its own entrance, this space is ideal for an owner occupant looking to rent out the additional units or a full investor looking for strong rental opportunity. The suites share a common bathroom, kitchenette, and welcoming waiting area, making it perfect for a variety of professional uses such as medical, legal, real estate, therapy, or media/creative workspaces. Floor to ceiling windows flood the space with natural light, creating a bright and inviting atmosphere for both clients and staff. Located in a well maintained professional building who currently has tenants of attorneys, chiropractors, dentist, therapist, hairdresser and contractor office. the building features an elevator and ample on-site parking, this unit offers both convenience and accessibility. The property is situated in a central location with easy access to major roads, making it an excellent spot for growing or relocating your business. With the property facing Route 1, this offers excellent visibility for signage and attracting passing traffic.  Whether you're seeking a hub for your operations or a multi unit investment with leasing potential, this commercial condo checks all the boxes. The possibilities here are wide open!

Highlights

Fully rentable, 4 separate units, Income Potential
Turnkey, Ready for owner or investor. Low management burden
Location Benefits maintained road. close to RI and major highways

Financial Summary

Cap Rate: 15.79 %
Total Expenses: $1,670 USD

Major Tenants

Tenant SF Occupied Lease End Date
150 Howard LLC
Anguilla Park Condo Association
Aviation Racing LLC
Creative Hair Design
Hayward Holbrook Engineering
Kepple Morgan & Avena PC
Leckerling Ladwig & Leamon LLC
Orthodontic Associates of Southeastern Connecticut
Pawcatuck Roofing Company, Inc
Scott Keilty D.m.d

Amenities

  • Signage
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
5 min - 3.1 mi
9 min - 5.4 mi
AirportDriveWalkDistance
Rhode Island Tf Green International 56 min - 41.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 54
Type: Surface
Included in Rent: Yes
Gabriella Navick 860-460-3516 Navick Properties Llc
Gabriella Navick 860-460-3516 Navick Properties Llc