Norwich Two-Story Commercial
For Sale
$350,000
327 Laurel Hill Avenue, Norwich, CT 06360
9,272 SF two-story building suitable for various commercial uses.
Property Size9,272 SF
Lot Size0.70 Acres
Price / SF$37.75
Days on Market697
Property Features for 327 Laurel Hill Avenue
General Information
Standard status
Active
Size
9,272 SF
Lot size
0.70 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1900
Listing Agency:
Signature Properties of N.E.
(860) 861-7339
Listed By:
Ron Bates · License #RES.0037517
(860) 861-7339
Source:
Exitrealty
Added: Sep 2, 2024
Changed: Jul 10
Last Checked: Jul 30 at 7:51AM
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.
This two-story masonry and brick building offers 9,272 square feet of space. Previously used as a school and most recently as a restaurant, the property features handicap access and approximately 44 paved parking spaces. Situated in an NC (Neighborhood Commercial) Zone, potential uses include a restaurant with a bar, hotel, apartments, mixed-use development, and offices. The property is located within an Enterprise Zone, potentially offering tax benefits, and is also in an Opportunity Zone. The property is sold in "as is" condition, with the seller not responsible for additional repairs or upgrades. Buyers are expected to conduct their own due diligence regarding the property's condition. The sale is subject to Probate Court Approval and is part of the Estate of Guibert Peralte.
Key Highlights
- Large 9,272 square foot masonry and brick building.
- Located in an Enterprise Zone and Opportunity Zone offering tax benefits.
- NC (Neighborhood Commercial) zoning allows for multiple uses (restaurant, hotel, apartments, offices, etc.).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Cumberland Farms
Shops & Services
8,154 visits/mo
0.2 miles
Meineke Car Care Center
Shops & Services
551 visits/mo
0.4 miles
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
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - 9,272 SF two-story building suitable for various commercial uses.
Where is this school located?
The property is located at 327 Laurel Hill Avenue Norwich, CT.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Large 9,272 square foot masonry and brick building.; Located in an Enterprise Zone and Opportunity Zone offering tax benefits.; NC (Neighborhood Commercial) zoning allows for multiple uses (restaurant, hotel, apartments, offices, etc.).
