3 Properties For Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30439425
Property Subtypes: Medical, Research & Development
Status: Pending/Contingent
Building Size (RSF): 3,600 SF
Gross Land Area: 0.53 Acres
Sale Price: $159,000
Unit Price: $44.17 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/12/2019

Overview / Comments

REDUCED! Located on well exposed West Main Street, close to downtown Norwich. Three combined properties are now $159,000.
-One property includes 0.22 acre with a 3,600sf one story retail/office building on highly visible corner and
-Other two properties with 0.31 acre total are land with a parking lot for 14+/- spaces
The Average Daily Traffic counts are 16,500. Approximately 82’ road frontage on West Main St. and 190’+/- on Elizabeth St. Two parcels in Zone GC and one in Zone MF. Public Water/Sewer/Gas.

ZONE GC PERMITTED USES: Retail, Assembly halls, Clinic and Medical Offices, Clubs, Educational Institutions, Customer Service Establishments, Financial Institutions, Restaurant/Café/Grill/Bar (no drive-thru), Technology R&D, Veterinary Hospital...

ZONE GC BY SPECIAL PERMIT: Child Day Care center, R&D...

DIRECTIONS: I-395 Exit 11. Go east onto Route 82 (aka Salem Tpk, then turns into West Main St) about 1.6 miles. On corner of Elizabeth Street.

Additional Details

Nearest MSA: Norwich-New London
County: New London
Taxing Authority: Norwich
Tax ID/APN: 112 15 10
Zoning: GC & MF
Property Visibility: Excellent
Highway Access: I-395 1.6 miles
Airports: Groton / New London 15.7 miles
Area Description: Corner of Elizabeth St.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,600 SF
Year Built: 1955
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 14
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Baseboard, Other
Air Conditioning: Window Unit
Zoning Description: Two prop are Zone GC; One prop Zone MF
Lot Frontage: 222
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,109 38,504 61,621
Median Age: 34.75 37.93 39.56
Households: 4,646 15,518 24,247


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