Downtown Historic Building

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30338542
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Tavern/Bar/Nightclub
Status: Pending
Building Size (RSF): 4,650 SF
Gross Building Area: See Agent
Sale Price: $125,000
Unit Price: $26.88 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 3/11/2019

Overview / Comments

Historic Downtown Norwich building: 4,650 SF, 3 floors, acres: 0.12. in need of your finishing touches. Offered at a very attractive price! Seller financing with 25% down. Main level: 1860 SF. 2nd floor: 1860 SF. 3rd floor: 930 SF. Exterior access to all floors. Metered for 5 tenants. Needs complete interior finishing (down to studs/framing). Good fix & flip. Rehab to income investment. Owner/user with rental income. Great location: court, public parking, parks, etc. Public water & sewer. Frontage: 57 ft. Zone: CC - Chelsea Central District. Traffic count: 9,600.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Tax ID/APN: 82 38 2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Visibility: Excellent
Largest Nearby Street: Water St.
Feet of Frontage: 60
Traffic/Vehicle Count: 9,600
Highway Access: I-395
Site Description: Busy downtown district near Routes 82, 12 and 32
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,860 SF
Property Condition: Average
Parking Type: Other
Parking Description: Street parking

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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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