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Historic Mixed-Use Redevelopment

218 Main St, Norwich, CT 06360

For Sale
$795,000

Planned conversion combines upper-floor housing with street-level commercial suites.

Property Size2,559 SF
Price / SF$310.67
Days on Market97

Property Features for 218 Main St

General Information

Standard status Active
Size 2,559 SF
Property subtype Multi-Family

Building Details

Year Built 1900
Buildings 2
Listing Agency: VC Property Group, LLC
Listed By: Anthony Velez · License #REB.0795536
Source: Centralconnecticuthomefinder
Added: Aug 4 Changed: Nov 7 Last Checked: Nov 6 at 8:55AM

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 VC Property Group, LLC

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Investment Insights

Based on property information with market context.

This offering comprises two adjacent historic buildings in Norwich’s downtown Main Street commercial corridor. The redevelopment concept calls for a mixed-use configuration with residential apartments above and commercial space at street level, creating a combination of housing and storefront uses within the existing structures.

The proposed program includes 10 residential units and five commercial units. Residential plans call for eight studio apartments and two townhouse-style two-bedroom units. Both buildings are identified as contributing structures within the historic district, supporting a rehabilitation approach that preserves their historic character. The properties are located at 218-224 Main Street and 2 Franklin Street, with the buildings dating to 1900.

Key Highlights

  • Proposed mixed‑use redevelopment with 10 residential units and 5 commercial units
  • Residential plan includes eight studios and two townhouse‑style two‑bedroom units
  • Two adjacent historic buildings in Norwich’s downtown Main Street commercial corridor

Property Analytics

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

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Dental Office Bakery Carpet & Flooring Store Storage Facility HVAC 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.

Location Intelligence

Trade Area within ½ mile

223
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in New London County, CT

$201 Jul
$217 Aug
$206 Sep
$233 Oct

Properties on Market for Mixed-use properties in New London County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Planned conversion combines upper-floor housing with street-level commercial suites.
Where is this mixed-use property located?
The property is located at 218 Main St Norwich, CT.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Proposed mixed‑use redevelopment with 10 residential units and 5 commercial units; Residential plan includes eight studios and two townhouse‑style two‑bedroom units; Two adjacent historic buildings in Norwich’s downtown Main Street commercial corridor
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