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Norwich Mixed-Use Redevelopment Opportunity

345 Main Street Norwich, CT 06360

345 Main Street, Norwich, CT, 06360
$33,159/Mo
For Lease
Claim this Listing
$21 SF/Yr $33,159/Mo (calc)

Mixed-use property with residential, commercial, and retail spaces for rent.

Property Size18,948 SF
Lot Size3.00 Acres
AddedApr 4, 2025
Days on Market469
Last RefreshJul 15 at 10:41 pm

Property Features for 345 Main Street

General Information

Standard status
Active
Size
18,948 SF
Lot size
3.00 Acres
Property subtype
Commercial

Building Details

Year Built
1880

Listing office Berkshire Hathaway NE Prop.

Listing date Apr 4, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway NE Prop.


Investment Insights

Based on property information with market context.

Located at 345 Main Street in Norwich, the former YMCA site spans over 3 acres and includes 4 buildings. The property is situated at the busy Burnham Square intersection, benefiting from high daily traffic counts and excellent visibility. Plans are underway to transform the existing structures into a mixed-use hub featuring residential, commercial, and retail spaces. Building A offers commercial storefront spaces ranging from 2 to 1,200 square feet. Building B is a stand-alone 4,312 square foot restaurant building, formerly a racquetball building. Building C comprises 8 one-bedroom apartments, each approximately 700 square feet, featuring a full kitchen and in-unit washer/dryer. Building D is a 6,636 square foot stand-alone flex commercial building, previously a large pool building.

Key Highlights

  • Prime location at the busy Burnham Square intersection with high traffic and excellent visibility.
  • Diverse development potential: residential (apartments), commercial storefronts, restaurant, and flex commercial space.
  • Multiple buildings offering varied space options: storefronts (2‑1,200 SF), restaurant (4,312 SF), apartments (8 x 700 SF), and flex space (6,636 SF).

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Law Firm Real Estate Agency Hair Salon Dental Office Big Box & Wholesale Store Auto Repair Shop (Bike/Boat/Book/etc) Store Skin Care Clinic HVAC Service (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Mixed-use property - Mixed-use property with residential, commercial, and retail spaces for rent.
Where is this mixed-use property located?
The property is located at 345 Main Street Norwich, CT.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Prime location at the busy Burnham Square intersection with high traffic and excellent visibility.; Diverse development potential: residential (apartments), commercial storefronts, restaurant, and flex commercial space.; Multiple buildings offering varied space options: storefronts (2‑1,200 SF), restaurant (4,312 SF), apartments (8 x 700 SF), and flex space (6,636 SF).
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