Retail, Office and Multi-Family in Downtown Norwich

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30587856
Property Subtypes: Street Retail
Status: Pending
Building Size (RSF): 6,455 SF
Gross Building Area: See Agent
Sale Price: $389,808
Unit Price: $60.39 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/27/2021

Overview / Comments

Historic building in downtown Norwich. Great investment opportunity with 8% Cap rate. Total of 6,455 Sqft on .12 acres. Spaces for retail, office and apartments. Located in an opportunity zone.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 82 25 1
Property Visibility: Fair
Traffic/Vehicle Count: 5,010
Tenancy: Multiple Tenants
Number of Stories: 4
Year Built: 1742
Zoning Description: CC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,615 38,016 57,015
Median Age: 33.82 38.06 39.66
Households: 3,862 15,387 22,967


Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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