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Multi-Tenant Retail Plaza

12-20 Norwich, Plainfield, CT 06374

For Sale
New
$2,000,000

Four businesses occupy the property, with on-site parking and prominent signage serving the retail center.

Property Size1,970 SF
Lot Size6.60 Acres
Price / SF$122.10
Days on Market5

Property Features for 12-20 Norwich

General Information

Standard status Active
Size 1,970 SF
Lot size 6.60 Acres
Property subtype Commercial
Zoning C-2
Occupancy 100%
Lease Term Listing ID: 24219216, Standard Status: Active, MLS Status: Active, 2 days on market

Additional Details

Highway Access Yes
Tenant in Place Yes

Building Details

Building Size 1,970 SF
Year Built 1970
Tenancy Multi
Listing Agency: Kazantzis Real Estate, LLC
Listed By: Androula Kazantzis · License #REB.0791040
Source: Iverty
Added: Nov 5 Changed: Nov 8 Last Checked: Nov 8 at 5:06AM

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 Kazantzis Real Estate, LLC

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Investment Insights

Based on property information with market context.

This 16,380-square-foot retail plaza contains four tenant spaces and is fully occupied. The 6.6-acre property includes on-site parking and prominent signage. Capital improvements totaling more than $500,000 have been completed since 2016; the building dates to 1970.

In Plainfield, Connecticut, the property is minutes from Interstate 395, with access to routes across Connecticut, Rhode Island, and Massachusetts. C-2 commercial zoning applies, with any future development subject to zoning regulations, site conditions, and municipal approvals.

Key Highlights

  • 16,380 SF retail plaza on 6.6 acres
  • Fully occupied with four tenants
  • C‑2 commercial zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Law Firm Real Estate Agency Furniture & Home Goods Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

140
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 96% Hotels & Casinos 4%
Dollar General Shops & Services
8,723 visits/mo 0.5 miles
Valero Energy Shops & Services
7,529 visits/mo 0.4 miles
Napa Auto Parts Shops & Services
1,868 visits/mo 0.3 miles
Elite Inn Moosup Hotels & Casinos
680 visits/mo 0.5 miles

Demographics for 06374, CT

8,108
Population
3,298
Households
2.5
Avg Household Size
43
Median Age
14%
College-Educated
90%
High-School Grad
25.6 sq mi
ZIP Area
317
Density / Sq Mi
$69,294
Median Household Income
$45,035
Median Earnings
$1,279
Median Rent
$234,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Similar Off Market Nearby

  • Boys Sleep Sofa — ct-12, moosup, ct 06354

Frequently Asked Questions

What type of property is this?
Shopping center - Four businesses occupy the property, with on-site parking and prominent signage serving the retail center.
Where is this shopping center located?
The property is located at 12-20 Norwich Plainfield, CT.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 16,380 SF retail plaza on 6.6 acres; Fully occupied with four tenants; C‑2 commercial zoning
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