Multi-Family Zoned Land
For Sale
$559,000
23 West Street, Norwich, CT 06360
9+ acre parcel with development potential and existing rental income.
Property SizeContact for details
Lot Size9.00 Acres
Days on Market170
Property Features for 23 West Street
General Information
Standard status
Active
Lot size
9.00 Acres
Property subtype
Lot & Land
Zoning
MF
Listing Agency:
Signature Properties of N.E.
Listed By:
Monica Obuchowski · License #RES.0817876
(860) 334-7614
Source:
Capmarkrealty
Added: Apr 8
Changed: Sep 23
Last Checked: Sep 22 at 1:51PM
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 9+ acre parcel is zoned for multi-family use and has the potential for over 150 units, subject to approval. The property includes a single-family home that is currently rented. The existing home, while not luxurious, includes outbuildings and provides rental income while development plans are underway. This property offers development potential, particularly given the housing shortage and new zoning regulations in the area.
Key Highlights
- Zoned multi‑family with potential for over 150 units.
- Large 9+ acre parcel size.
- Existing single‑family home provides rental income.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 9+ acre parcel with development potential and existing rental income.
Where is this residential land & home lot located?
The property is located at 23 West Street Norwich, CT.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Zoned multi‑family with potential for over 150 units.; Large 9+ acre parcel size.; Existing single‑family home provides rental income.
