Renovated Retail Space in
For Lease
$11 SF/Yr
51-53 Broadway, Norwich, CT 06360
2,000 SF renovated retail space in up-and-coming downtown Norwich.
Space SizeContact for details
Lot Size0.07 Acres
Days on Market672
Property Features for 51-53 Broadway
General Information
Standard status
Active
Lot size
0.07 Acres
Property subtype
Commercial
Amenities
Flat Roof
Radiant Heating
Tar/Gravel Roof
Building Details
Year Built
1953
Listing Agency:
Signature Properties of N.E.
(860) 447-8839
Listed By:
NORMAN PECK · License #RES.0528743
Source:
Corcoran
Added: Oct 10, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:51AM
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 Signature Properties of N.E.
Investment Insights
Based on property information with market context.
The property features a 2,000 square foot renovated retail space located in downtown Norwich. The space includes two private bathrooms and an open layout. Natural light is provided by five side windows. The property is equipped with a new sprinkler system, electric heat, LED lighting, and a new alarm system. On-street parking is available. Public water and sewer services are connected. The property is zoned CC Chelsea Commercial District. The surrounding downtown area includes the Norwich Arts Center, City Hall, the Chestnut Street Playhouse, and the library. Permitted uses for the property include tavern, assembly hall, office, club, school, indoor recreation, personal services, bank, gym, restaurant, retail, RD, and veterinary clinic. The property was formerly a Greek restaurant.
Key Highlights
- Totally renovated 2,000sf retail space in up‑and‑coming downtown Norwich.
- Wide range of permitted uses including tavern, restaurant, retail, office, and more.
- New sprinkler system, electric heat, LED lighting, and alarm system.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.65 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Explore this area
Business Placement
Demographics for 06360, CT
37,104
Population
17,739
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
88%
High-School Grad
26.8 sq mi
ZIP Area
1,384
Density / Sq Mi
$65,848
Median Household Income
$42,287
Median Earnings
$1,207
Median Rent
$233,500
Median Home Value
Market
Lease Benchmarks for Norwich, CT
$14.52 /SF/Yr
Avg Asking Price
$7.13–$21 /SF/Yr
Price Range
7,451 SF
Avg Space Size
This space is priced 24% below the average of $14.52 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 2,000 SF renovated retail space in up-and-coming downtown Norwich.
Where is this retail space located?
The property is located at 51-53 Broadway Norwich, CT.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: Totally renovated 2,000sf retail space in up‑and‑coming downtown Norwich.; Wide range of permitted uses including tavern, restaurant, retail, office, and more.; New sprinkler system, electric heat, LED lighting, and alarm system.
