Property summary
This exceptional 2,400 square foot commercial building at 108 Sachem Street in Norwich, CT presents a fantastic opportunity for business owners seeking a prime location and significant cost savings. Situated on a 0.24-acre lot, this property boasts excellent visibility and walk-in traffic due to its proximity to downtown Norwich, Norwich Free Academy (NFA), Hartford Healthcare, and numerous other professional offices. The building features a newer roof (replaced within the last 10 years), a newer hot water heater, a newer air conditioning condenser, newer windows, and updated siding, minimizing maintenance concerns. A recently installed security camera system enhances safety and security. The exterior also includes a paved driveway providing ample off-street parking, a newer ramp for easy access, and a well-maintained sodded lawn, contributing to strong curb appeal. A prominent sign with electrical hookup ensures high visibility for your business. Inside, the main level showcases attractive hardwood flooring, while the lower level features carpeting. The layout includes a welcoming front entry area and multiple offices on both levels, offering flexibility for various business types. Multiple egress points throughout the building provide convenient access and flow. The property is ideally suited for a wide range of businesses, including hair salons, nail studios, tattoo studios, therapy practices, healthcare offices, law offices, and accounting firms. This move-in ready property is priced at $270,000. Don't miss this chance to own your business space and reduce operational expenses.
Property profile
VerifiedCap rate & NOI
Current use
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Association Or Organization
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Law Firm
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Law Firm
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Insurance Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Neighborhood Commercial District NC Norwich State Hospital District NSD Planned Development Design District PDD Regional Commercial District RC Waterfront Development District WD Other Districts Government Facilities Dis…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
NC · Norwich, CTNeighborhood Commercial District NC Norwich State Hospital District NSD Planned Development Design District PDD Regional Commercial District RC Waterfront Development District WD Other Districts Government Facilities Dis…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Neighborhood Commercial District NC Norwich State Hospital District NSD Planned Development Design District PDD Regional Commercial District RC Waterfront Development District WD Other Districts Government Facilities Dis…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NC in Norwich, CT.
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Find the owner behind the property.
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