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    531 W Main St Norwich, CT 06360

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    For Sale
    $675,000

    2,762 SF office building suitable for live-work arrangement.

    Lot size:
    0.38 Acres

    Property Features for 531 W Main St

    General Information

    Lot size
    0.38 Acres

    Building Details

    Year built
    1995

    Source: U.S. Properties Real Estate Services, LLC Agent Constance Howard

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

    Overview

    Two-Story Office Building For Sale

    This is a 2,762 square foot, two-story office building situated on 0.38 acres. The property includes 20 parking spaces. The building features a 1,381 square foot unfinished basement. Both the first and second floors measure 1,381 square feet each. The second floor is ready for buildout into a three-bedroom apartment and a studio apartment. The first floor is currently configured as a doctor's office with five exam rooms. The office furniture on the first floor can be included with the property if desired. The property offers 15 feet of road frontage and is suitable for a live-work arrangement.
    Location Intelligence

    Current Use by Public Records

    Dr. Wenying Yan, ... Family Practice Physician Dr. Melanie J. ... Pediatric Dentist

    Suggested Use

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

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

    Similar Places Nearby

    All Friends Animal Hospital, Tucker Sheila DVM, Melissa deBlok, DVM, Elizabeth Friday, DVM, Sabbadini Lisa DVM

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.0634
    Latitude
    41.52232

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    FAQs

    What type of property is this?
    Medical office - 2,762 SF office building suitable for live-work arrangement.
    Where is this medical office located?
    The property is located at 531 W Main St Norwich, CT.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Ideal work and live situation; - 2nd Floor ready for buildout of a 3 bedroom apartment and a studio apartment; - First floor is a doctor's office with **5 exam rooms**
    (615) 293-3878
    Request Owner's contact information
    531 W Main St 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
    531 W Main St Norwich, CT 06360
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