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197 Route 32

Montville, CT 06382
  • $475,000
  • STATUS: Active
  • ON SITE: 84 Days
  • MLS #: 170449459
UPDATED: 40 min ago
$475,000
  • 0
    BEDS
  • 0.78
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,896
    SQFT
  • $164
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
1916
County:
Area:

School Ratings & Info

Description

Take advantage of owning your own commercial property with this pristine building and reap the tax benefits of ownership. This commercial property can provide a solid foundation for growing your existing business or creating a new venture with the benefit of earning revenue to offset business expenses with a second floor residential space. Commercial properties that have space for tenants provide additional opportunities for additional cash flow through rental income. This business location was formerly a dental practice which can be a turn-key operation for dental practitioners, medical office space or versatile enough to accommodate a banking business or fast-food entity. This opportunity is timely and can take advantage of all-time low financial interest rates for commercial real estate and ultimately saving significant funds as you pay down your commercial mortgage. Take advantage of tax incentives that allow for deductions for equipment and furnishing purchases and the inherent benefits in a 1031 Exchange which allows you to depreciate your asset while writing off all the mortgage interest paid during the year. This commercial property is in excellent condition and would make an ideal business location for your next expansion or new venture. Parking lot with 13 paved spaces. Additional detached garage in rear for 1 car. SEE ATTACHED SUPPLEMENT FOR ROOM DIMENSIONS

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-01-26T08:09:47.603.
www.lowerhudsonvalleyproperties.com/homes/122964189
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197 Route 32 Montville, CT 06382

  • Price: $475,000
  • Status: Active
  • On Site: 84 Days
  • Updated: 40 min ago
  • MLS #: 170449459
0
Beds
0
Baths
0
½ Baths
0.78
Acres
2,896
SQFT
$164
$/SQFT
1916
Built
Neighborhood:
Uncasville
County:
New London
Area:
Montville
Property Description
Take advantage of owning your own commercial property with this pristine building and reap the tax benefits of ownership. This commercial property can provide a solid foundation for growing your existing business or creating a new venture with the benefit of earning revenue to offset business expenses with a second floor residential space. Commercial properties that have space for tenants provide additional opportunities for additional cash flow through rental income. This business location was formerly a dental practice which can be a turn-key operation for dental practitioners, medical office space or versatile enough to accommodate a banking business or fast-food entity. This opportunity is timely and can take advantage of all-time low financial interest rates for commercial real estate and ultimately saving significant funds as you pay down your commercial mortgage. Take advantage of tax incentives that allow for deductions for equipment and furnishing purchases and the inherent benefits in a 1031 Exchange which allows you to depreciate your asset while writing off all the mortgage interest paid during the year. This commercial property is in excellent condition and would make an ideal business location for your next expansion or new venture. Parking lot with 13 paved spaces. Additional detached garage in rear for 1 car. SEE ATTACHED SUPPLEMENT FOR ROOM DIMENSIONS
Exterior Features

Construction Description Frame Exterior Features AwningsDoor SignGuttersLighting Foundation Type ConcreteStone Lot Description DryLevel Lot Parking Total Spaces 0 Road Frontage Description State RoadPaved Road Roof Information Asphalt Shingle

Interior Features

Cooling System Central Air Flooring Tile Heat Type Hot Air Interior Features Living Space AvailableSecurity System Restrooms Number Of 2

Property Features

Bank Owned Property Yn No Business Name John Nicholas UtzD.D.S. Documents Available Lead Disclosure Flood Zone Yn No Garage Parking Info Attached GarageNone Heat Fuel Type Oil Location Highway Access Possession Availability Negotiable Potential Use Commercial BankFast Food Present Use Dental Office And Residential Property Tax 6484 Sewage System Public Sewer Connected Sign Yn No Utilities Available ElectricTelephoneCable Water Source Public Water Connected Zoning R20

Listing information © 2022 Smart MLS
Listing provided courtesy of Bill F Turner of Berkshire Hathaway Ne Prop..


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-01-26T08:09:47.603.
 
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Mark Seiden Real Estate Team
1238 Pleasantville Rd
Briarcliff Manor NY, 10510