Office Building in Norwich Business Park For Sale

Office for Sale
Catylist Listing ID: 30456560
Property Subtypes: Business Park, Medical, Office Building, Research & Development
Building Size (RSF): 12,958 SF
Gross Building Area: See Agent
Gross Land Area: 4.93 Acres
Sale Price: $985,000
Unit Price: $76.01 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

For Sale nicely maintained 1 story, 12,958sf office building on 4.93 acres in the Norwich Business Park. $985,000. Partially leased with medical tenants. Beautiful grounds with 40 parking spaces and a metal outbuilding that can be used as a garage or warehouse. City Water/Sewer/Gas. Zone BP Business Park. 7,600 sf is available for lease. Also available abutting 7+ acres upper lot, approx.. 3.5 buildable acres, subject to sub-division.

PERMITTED USES: Bars, Cafes & Restaurants (no drive-thru), Gyms, OTB’s, Visitor Centers, Offices, Government facilities, Research Labs, Technology Research, Veterinary Hospitals, Hotels/Inns, Manufacturing, Foundry casting light-weight materials, Community Gardens, Open Space, Motor Vehicle Retail Sales, Warehouse & Storage, Public Utility Line, Stations, Facilities and Buildings and Power plants, Solar Equipment…

BY SPECIAL PERMIT: Assembly Halls, Colleges & Universities, Clinic & Medical Offices, Saw or Planning Mill, Truck Terminal, Urban Farm…

DIRECTIONS: I-395 Exit 14. Go west on West Town St. Turn right onto Connecticut Ave. About 0.4 up the hill to second curb cut, just past first curb cut of 40 Connecticut Ave.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Norwich
Tax ID/APN: 242 1 8
Property Visibility: Good
Highway Access: I-395 0.9 miles
Airports: Groton / New London 20.1 miles
Area Description: Located in Norwich Business Park
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,740 SF
Year Built: 1984
Construction/Siding: Brick
Total Parking Spaces: 40
Sprinklers: Wet
Heat Type: Natural Gas, Oil
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: BP Business Park
Lot Frontage: 440
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,259 24,772 52,615
Median Age: 35.52 39.67 39.2
Households: 607 10,191 21,313


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