Mixed-Use Building with Commercial
232 Franklin Street, Norwich, CT 06360
For Sale
$319,900
The two-level arrangement combines ground-floor business space with an upstairs residence.
Property Size2,606 SF
Price / SF$122.76
Days on Market61
Property Features for 232 Franklin Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Mixed-Use Components
Multifamily Units
Amenities
private backyard
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Smith & Oak Real Estate Company
(401) 400-4114
Listed By:
Scott Aceto · License CT REC.0018978
(203) 300-8589
Source:
Hagelrealty
Added: Sep 11
Changed: Nov 9
Last Checked: Nov 9 at 1:56PM
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 Smith & Oak Real Estate Company
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Investment Insights
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Built in 1900, this 2,606-square-foot mixed-use property has a commercial unit on the first floor and a residential unit above. Recent work includes replacement kitchens, bathrooms, flooring, and appliances. The furnace, gas meter, and gas line have also been replaced, while the front commercial area was updated within the past year.
The property is zoned CC, identified as General Commercial. Exterior improvements include siding installed approximately 3 years ago, a paved driveway completed 2 years ago, and roofing work on the garage, shed, and rear portion of the home. A detached three-car garage and private backyard are also included.
The property is zoned CC, identified as General Commercial. Exterior improvements include siding installed approximately 3 years ago, a paved driveway completed 2 years ago, and roofing work on the garage, shed, and rear portion of the home. A detached three-car garage and private backyard are also included.
Key Highlights
- 2,606‑square‑foot property built in 1900
- First‑floor commercial unit and second‑floor residential unit
- CC zoning; identified as General Commercial
Property Analytics
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
866
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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
$233,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in New London County, CT
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The two-level arrangement combines ground-floor business space with an upstairs residence.
Where is this mixed-use property located?
The property is located at 232 Franklin Street Norwich, CT.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 2,606‑square‑foot property built in 1900; First‑floor commercial unit and second‑floor residential unit; CC zoning; identified as General Commercial
