Opportunity Zone Commercial Building Downtown

Office for Sale
Catylist Listing ID: 30527726
Property Subtypes: Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Office Building, Research & Development
Building Size (RSF): 6,927 SF
Gross Building Area: See Agent
Sale Price: $450,000
Unit Price: $64.96 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 6,927 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/23/2021

Overview / Comments

Opportunity Zone Commercial building in the heart of downtown. 6,926 total SF. 2,646 SF - 1st Floor. 2,140 SF - 2nd Floor. 2,140 SF - 3rd Floor. 1,800 SF - Unfinished attic . Heating: Electric / heat pump. Handicap accessible 1st Floor. Public Water & Sewer. Frontage: 42 Ft. Zone: CC - Chelsea Commercial District . Traffic Count: 5,010. Across from Norwich Courthouse. 4 hour free parking out front. 4 spaces reserved for staff @ $45/month. PERMITTED USES: Office, Retail, Bars, Taverns, Cafes, Clinic, Clubs, Educational institutions, museum, art gallery, Service establishments, Gyms, Fitness centers including dance studio, martial arts. BY SPECIAL PERMIT: Data Center, Food manufacturing, Precision manufacturing & Research laboratories, and more.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 82 40 6
Property Visibility: Excellent
Number of Stories: 3

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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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