Conventional Restaurant

Norwich, CT Conventional Restaurants for Sale

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Mixed-Use Restaurant and Residence
Updated: Jun 8
Mixed-Use Restaurant and Residence

20-22 Lafayette Street, Norwich, CT 06360

$650,000
3,476 sqft 0.40 AC lot
Mixed‑use property with a restaurant on the first floor plus a residential unit above
Restaurant includes all restaurant equipment, furniture, and fixtures, selling as part of the business
Second‑floor apartment features 3 bedrooms and 1 full bathroom
Finished attic adds additional versatile space with another full bathroom
Full basement provides additional storage space
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Mixed-Use Building with Turnkey Restaurant
Updated: Jun 2
Mixed-Use Building with Turnkey Restaurant

20-22 Lafayette Street, Norwich, CT 06360

$650,000
3,476 sqft 0.40 AC lot
Mixed‑use property built in 1938 with a restaurant on the first floor and a residential unit above
Restaurant includes all equipment, furniture, and fixtures for an operational, owner‑operator setup
Second‑floor apartment features 3 bedrooms and 1 full bathroom
Finished attic adds extra versatile space with a full bathroom
Full basement provides additional storage space
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Mixed-Use Building with Turnkey Restaurant
Mixed-Use Building with Turnkey Restaurant

20-22 Lafayette Street, Norwich, CT 06360

$650,000
3,476 sqft

First-floor turnkey restaurant business with equipment and a second-floor 3-bedroom apartment, plus finished attic and full basement.

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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Norwich, CT, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Mixed-Use Waterfront Property
Historic Mixed-Use Waterfront Property

109-111 Bank St, New London, CT 06320

$1,400,000
7,023 sqft

Historic mixed-use property in downtown New London's Bank Street district.

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13 Fort Hill Road, Groton, CT
13 Fort Hill Road, Groton, CT

13 Fort Hill Rd, Groton, CT 06340

$1,800,000
5,740 sqft 0.56 AC lot

Unique Specialty Building Now Available for Sale

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Sushi Restaurant and Residence
Sushi Restaurant and Residence

1043 Poquonnock Road, Groton, CT 06340

$1,200,000
2,849 sqft 0.39 AC lot

Front building operates as a sushi restaurant, paired with a separate 5-bedroom, 2-bath residence on one lot.

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Mixed-Use Building in Downtown
Mixed-Use Building in Downtown

53 Bank St, New London, CT 06320

$1,625,000
10,636 sqft

Mixed-use property with commercial space and apartments in downtown New London.

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Norwich, CT Conventional Restaurants Market Trends and Statistics

Explore 3 conventional restaurants for sale in Norwich, CT, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 10,428 square feet of properties for sale, with an estimated market value of $1,950,000.

Sale prices for conventional restaurants in Norwich, CT start at $650,000, averaging $650,000, and reaching up to $650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Conventional restaurants 8
Bars & Pubs 2
Coffee shops 1

Demographics Overview

Population 42K
Population Growth (5Y) +2.5%
Median Household Income $70,774
College Educated 36.4%

High-Yield Neighborhoods for Investment

Identify Norwich submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
06360 $414.8K

Taxes & Financing

Tax Rate (average for all types) 4.31%
Property Tax per SF $54.28 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in New London County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Norwich fall within the 100,000+ square foot range.

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