Norwich Mixed-Use Redevelopment
For Lease
$21 SF/Yr
345 Main Street, Norwich, CT 06360
Mixed-use property with residential, commercial, and retail spaces for rent.
Space SizeContact for details
Lot Size3.00 Acres
Days on Market514
Property Features for 345 Main Street
General Information
Standard status
Active
Lot size
3.00 Acres
Property subtype
Commercial
Amenities
Central air
Asphalt Shingle Roof
Central Air Cooling
Flat Roof
Gas on Gas Heating
Building Details
Year Built
1880
Listing Agency:
Berkshire Hathaway NE Prop.
(860) 633-3674
Listed By:
LIZ MATTERN
Source:
Corcoran
Added: Apr 4, 2025
Changed: Aug 27
Last Checked: Aug 29 at 8:28AM
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.
Located at 345 Main Street in Norwich, the former YMCA site spans over 3 acres and includes 4 buildings. The property is situated at the busy Burnham Square intersection, benefiting from high daily traffic counts and excellent visibility. Plans are underway to transform the existing structures into a mixed-use hub featuring residential, commercial, and retail spaces. Building A offers commercial storefront spaces ranging from 2 to 1,200 square feet. Building B is a stand-alone 4,312 square foot restaurant building, formerly a racquetball building. Building C comprises 8 one-bedroom apartments, each approximately 700 square feet, featuring a full kitchen and in-unit washer/dryer. Building D is a 6,636 square foot stand-alone flex commercial building, previously a large pool building.
Key Highlights
- Prime location at the busy Burnham Square intersection with high traffic and excellent visibility.
- Diverse development potential: residential (apartments), commercial storefronts, restaurant, and flex commercial space.
- Multiple buildings offering varied space options: storefronts (2‑1,200 SF), restaurant (4,312 SF), apartments (8 x 700 SF), and flex space (6,636 SF).
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
75
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
$15.78 /SF/Yr
Avg Asking Price
$7.13–$21 /SF/Yr
Price Range
7,618 SF
Avg Space Size
This space is priced 33% above the average of $15.78 /SF/Yr.
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential, commercial, and retail spaces for rent.
Where is this mixed-use property located?
The property is located at 345 Main Street Norwich, CT.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Prime location at the busy Burnham Square intersection with high traffic and excellent visibility.; Diverse development potential: residential (apartments), commercial storefronts, restaurant, and flex commercial space.; Multiple buildings offering varied space options: storefronts (2‑1,200 SF), restaurant (4,312 SF), apartments (8 x 700 SF), and flex space (6,636 SF).
