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Moodus Professional Building 16 Rae Palmer Rd

5,184 SF 100% Leased Office Building Moodus, CT 06469 £257,426 (£50/SF)

Investment Highlights

  • High Visibility
  • 1st floor is currently subdivided

Executive Summary

Prime commercial property located in Moodus Business District of East Haddam. The updated office building is on a corner lot with high visibility. The first floor previously was used a fitness and karate studio; prior to that it was a medical office. The first floor has 2 handicapped assessable bathrooms, one with a walk in shower. 1st floor is propane heat and central air. The second floor has 5 office spaces, currently 2 are leased and has 2 shared bathrooms. The rents on the 2nd floor include the electric and have window A/C. Electrical, plumbing and mechanicals were updated in 2017. Handicap ramp was replaced in April 2024. New water treatment system, well pump and exterior lighting was installed in 2023. 20 paved parking spaces. CBIG zoning regulations are attached.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,184 SF
Building Class
C
Year Built
1970
Price
£257,426
Price Per SF
£50
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,728 SF
Building FAR
0.14
Lot Size
0.88 AC
Zoning
Commercial - Commercial /Business/IG - Light Industrial Zoning Regulations are attached
Parking
26 Spaces (5.02 Spaces per 1,000 SF Leased)

Amenities

  • Basement
  • Central Heating
  • Partitioned Offices
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
EHDM-000065M-000000-L000166
Land Assessment
£54,818
Improvements Assessment
£101,930
Total Assessment
£156,748
  • Listing ID: 32060421

  • Date on Market: 07/06/2024

  • Last Updated:

  • Address: 16 Rae Palmer Rd, Moodus, CT 06469

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