Listing Agency: Compass Connecticut, LLC a***@compass.com

Listed By: Jason Pollard Show Phone

Source: Exprealty

Added: Mar 18 Changed: Sep 13 Last Checked: Aug 3 at 8:56AM

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Investment Insights

Based on property information with market context.

This commercial storefront, offering 500 sq ft of space, is located in Norwich, CT. Previously used as a hair salon, the property presents an opportunity to start or expand a salon business. The property features single-story access and on-street parking.

Key Highlights

• Versatile 500 sq ft commercial storefront.
• Located in Norwich, CT.
• Previously used as a hair salon.

Property Analytics

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Open Analytics

Current Use

Perfect Touch Designs ... Hair Salon

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Nail Salon Hair Salon Skin Care Clinic Electrical Service

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

NNN (Triple Net)

Lease Type

$0.45 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

232

Businesses Nearby

Under-served

Demand for This Use

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

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

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Versatile 500 sq ft commercial storefront in Norwich, CT.

Where is this storefront property located?

The property is located at 197 Central Ave Norwich, CT.

What is the lease rate?

The lease rate is $500/Mo.

What are key features of this property?

This property features: Versatile 500 sq ft commercial storefront.; Located in Norwich, CT.; Previously used as a hair salon.