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    1 Towne Park Plz Norwich, CT 06360

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    For Sale
    $3,495,000

    17,922 SF medical office building in Norwich, Connecticut.

    Property size:
    17,922 SF
    Lot size:
    1.66 Acres

    Property Features for 1 Towne Park Plz

    General Information

    Size
    17,922 SF
    Lot size
    1.66 Acres

    Source: Northeast Private Client Group | CT/Metro North Agent Taylor Perun

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

    Overview

    Norwich Medical Office Building For Sale

    This 17,922 square foot medical office building is located in Norwich, Connecticut. The property, known as One Towne Park Plaza, contains five medical office suites. Current tenants include Hartford Healthcare (9,452 SF, NNN), Norwich Internal Medicine Group (3,800 SF), Select Physical Therapy (2,786 SF) and Psychology Specialist (742 SF). One vacant suite is available for rent, comprising 1,142 square feet. The building has undergone numerous updates under current ownership, including exterior landscaping, parking lot improvements, mechanical system upgrades, and a new roof. All tenant suites have been renovated and upgraded. The property is located in a high-traffic area at the interchange of I-395 and Rt-2. According to CT DOT, the average daily traffic count on West Town Street is 9,800 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Tinklepaugh David L ... Neurologist Shiling David J ... Neurologist Dr. Anis Racy, ... Neurologist Dr. Camille G. ... Neurosurgeon Moro De Casill ... Neurologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.088166
    Latitude
    41.545204

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    FAQs

    What type of property is this?
    Medical office - 17,922 SF medical office building in Norwich, Connecticut.
    Where is this medical office located?
    The property is located at 1 Towne Park Plz Norwich, CT.
    What is the asking price?
    The asking price for this property is $3,495,000.
    What are key features of this property?
    This property features: - High-traffic location at the I-395 and Rt-2 interchange.; - Anchored by Hartford Healthcare (9,452 SF, NNN).; - Multiple established medical tenants: Norwich Internal Medicine Group, Select Physical Therapy, and Psychology Specialist.
    (860) 877-5899
    Request Owner's contact information
    1 Towne Park Plz 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
    1 Towne Park Plz Norwich, CT 06360
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