Norwich CT - Office/Retail Building

Retail-Commercial for Sale
Catylist Listing ID: 28436777
Property Subtypes: Free-Standing Building
Building Size (RSF): 2,584 SF
Gross Building Area: See Agent
Gross Land Area: 0.17 Acres
Sale Price: $127,500
Unit Price: $49.34 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/7/2021

Overview / Comments

2,584 SF total. 1,181 SF of Office/Retail on 1st floor. 766 SF on 2nd floor. On Busy Route 12. Good Location - at Boswell Ave intersection. Zoned GC (General Commercial) allows apartment use on 2nd floor. 10,100 cars per day. Public water & sewer. Priced to sell with Motivated seller. 0.17 Acre lot. Central. Heating: Oil / Forced Air. Central AC. Presently leased month to month. Existing tenant pays $1,000/mo.. Tenant has been there 11 years. Frontage: 88 Ft. Off-street parking in front of building.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 32 11 2
Traffic/Vehicle Count: 10,100
Highway Access: I-395
Area Description: At the intersection of Route 12 and Boswell Ave.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,818 SF
Total Parking Spaces: 10
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,581 38,629 61,019
Median Age: 35.35 38.11 39.49
Households: 3,485 15,769 24,555


Photograph of Listing Agent

Ronald E. Lyman

Lyman Real Estate CTCList Member
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