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    5 Clinic Dr Norwich, CT 06360

    For Sale
    $179,000

    1,572 SF Office, High Traffic Area

    Property size:
    1,572 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 1,572 square foot office building presents a fantastic investment opportunity in Norwich, Connecticut. Situated on a 0.29-acre lot with 76 feet of frontage, this property boasts high visibility and accessibility. Located in the NC Zone, it benefits from public water and sewer services. The property's strategic location offers easy access to Backus Hospital, just 0.3 miles away, making it ideal for medical practices or businesses serving the hospital's clientele. Annual property taxes are $7,556. The high traffic count of 5,100 vehicles further enhances its commercial potential. The surrounding area features a vibrant cultural scene, including art museums, and offers a range of supporting services such as daycare, nursing homes, and rehabilitation facilities. This versatile space is suitable for a variety of professional, business, or medical office uses, providing ample opportunity for growth and success. The property's size and location make it an attractive option for businesses seeking a prominent presence in a thriving community. Its proximity to healthcare facilities and cultural attractions adds to its appeal. This is a turnkey opportunity for a business looking to establish or expand its operations in a well-established and convenient location. The ample frontage and high traffic count ensure excellent visibility and accessibility for clients and customers.

    Property Features for 5 Clinic Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,572 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1962
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Akus Jan J ... Internist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.08744
    Latitude
    41.54046

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    FAQs

    What type of property is this?
    Commercial real estate - 1,572 SF Office, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 5 Clinic Dr Norwich, CT.
    What is the asking price?
    The asking price for this property is $179,000.
    (860) 887-5000
    Request Owner's contact information
    5 Clinic Dr Norwich, CT 06360
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    Norwich, CT 06360
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Clinic Dr Norwich, CT 06360
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