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    309 Otrobando Ave Norwich, CT 06360

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    For Sale
    $995,000

    Commercial property featuring office, barn, and greenhouse structures.

    Property size:
    1,500 SF
    Lot size:
    4.12 Acres

    Property Features for 309 Otrobando Ave

    General Information

    Size
    1,500 SF
    Lot size
    4.12 Acres

    Source: Elite Commercial Real Estate Agent Hugh Schnip

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

    Overview

    Commercial Site with Multiple Buildings

    This commercial property is a general commercial site located along Route 2 and 32, with close proximity to the I-395 interchange. It features an office building and an annex post & beam barn building, totaling 4500 square feet. The office building is currently 100% leased, and a lease is pending on the barn. Additionally, the property includes a commercial glass greenhouse with 3000 square feet. The property size is 1500 square feet. Owner financing is available for a qualified buyer.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.117538
    Latitude
    41.556031

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    FAQs

    What type of property is this?
    Storefront property - Commercial property featuring office, barn, and greenhouse structures.
    Where is this storefront property located?
    The property is located at 309 Otrobando Ave Norwich, CT.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Great general commercial site along Route 2 & 32.; - Close to I-395 interchange.; - Office building and annex post & beam barn building with 4500 SF total.
    (860) 608-1204
    Request Owner's contact information
    309 Otrobando Ave 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
    309 Otrobando Ave Norwich, CT 06360
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