For Sale
$969,000

308 Broad StNew London, CT 06320

Prime CT Auto Dealership, 6,386 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a prime car dealership property for sale in New London, Connecticut. Located on a 0.51-acre corner lot at the intersection of Broad Street and Ledyard Street, this property boasts a strategic location and C-1 commercial zoning. The property comprises four buildings totaling 6,386 square feet, including a one-bay, two-deep building (864 square feet), a substantial 2,908 square foot service shop, a 1,008 square foot office/sales building, and a 1,608 square foot two-family dwelling. This versatile configuration offers ample space for various automotive-related businesses or mixed-use development. The property benefits from municipal water, sewer, and gas services. The 2022 assessment was $333,200, with annual property taxes amounting to $12,408. Convenient access is provided via I-95, with clear directions available. This is a rare opportunity to acquire a well-situated, multi-building property in a thriving commercial area. The asking price is $969,000, representing a price per square foot of $151.74. Don't miss this chance to own a piece of New London's commercial landscape.

Highlights

  • Prime car dealership opportunity on a 0.51-acre corner lot in New London, CT.
  • Four buildings totaling 6,386 square feet: an 864 SF one-bay, two-deep building, a 2,908 SF service shop, a 1,008 SF office/sales building, and a 1,608 SF two-family dwelling.
  • Located at the corner of Broad St. and Ledyard St., zoned C-1 Commercial.
  • Features municipal water, sewer, and gas.
  • 2022 assessment: $333,200; annual taxes: $12,408; Asking price: $969,000.

Property Details for 308 Broad St

Property type
Retail properties, Auto shops
Square Feet
6,386 SF
Class
C
Buildings
4
Stories
1
Lot Size (sq. ft)
22,216 SF

Location Insight

City
New London
County
New London
State
Connecticut
Latitude
41.3615020026
Longitude
-72.110539919075
308 Broad St, New London, Connecticut

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308 Broad St
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