Moodus Professional Building 16 Rae Palmer Rd
5,184 SF 100% Leased Office Building Moodus, CT 06469 $319,000 ($62/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
$319,000
Price Per SF
$62
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
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
1 of 1
PROPERTY TAXES
| Parcel Number | EHDM-000065M-000000-L000166 | Improvements Assessment | $130,270 |
| Land Assessment | $70,060 | Total Assessment | $200,330 |
