Historic Building with Modern
For Lease
$10 SF/Yr
16 Franklin Street, Norwich, CT 06360
Prime office and retail spaces in Norwich's historic district.
Space SizeContact for details
Lot Size0.40 Acres
Days on Market236
Property Features for 16 Franklin Street
General Information
Standard status
Active
Lot size
0.40 Acres
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
Concrete Flooring
Door Sign
Rubber Roof
Steam Heating
Tar/Gravel Roof
Tile Flooring
Wood Flooring
Building Details
Year Built
1915
Listing Agency:
Berkshire Hathaway NE Prop.
(860) 633-3674
Listed By:
LIZ MATTERN
Source:
Corcoran
Added: Dec 20, 2025
Changed: Aug 8
Last Checked: Aug 8 at 2:00PM
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 Berkshire Hathaway NE Prop.
Investment Insights
Based on property information with market context.
The Thayer Building, a historic four-story office building dating back to 1915, was reimagined in 2006 to offer contemporary urban spaces. It features 29 apartments above ground-floor office and retail spaces. Located in the walkable core of the city's historic district, specifically on Franklin Square, the building combines historic charm with modern functionality. The location offers visibility and convenience, with proximity to restaurants, a coffee shop, and other urban amenities. The available spaces include a 1,700-square-foot fully built-out office space, formerly a law office, and a 1,200-square-foot shell space with high ceilings. The spaces are suitable for attorneys, professional service providers such as financial advisors, CPAs, insurance brokers, mortgage brokers, loan officers, and therapists, or retail businesses such as stores, fitness studios, art studios, nail salons, barber/hair salons, pet grooming, and gift shops. The shell space is a blank slate, ready for customization.
Key Highlights
- Premier downtown location on Franklin Square in the city's historic district
- Highly visible space suitable for office, retail, or flex use
- Two spaces available: a 1,700 SF fully built‑out office and a 1,200 SF shell with high ceilings
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Norwich, CT
$12.68 /SF/Yr
Avg Asking Price
$4.16–$20.25 /SF/Yr
Price Range
4,871 SF
Avg Space Size
This space is priced 21% below the average of $12.68 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Prime office and retail spaces in Norwich's historic district.
Where is this office units located?
The property is located at 16 Franklin Street Norwich, CT.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Premier downtown location on Franklin Square in the city's historic district; Highly visible space suitable for office, retail, or flex use; Two spaces available: **a 1,700 SF fully built‑out office** and a 1,200 SF shell with high ceilings
