Norwich Mixed-Use Redevelopment
For Lease
$21 SF/Yr
345 Main St, Norwich, CT 06360
Mixed-use property with residential, commercial, and retail spaces available.
Space SizeContact for details
Property Size18,948 SF
Lot Size3.00 Acres
Days on Market165
Property Features for 345 Main St
General Information
Standard status
Active
Size
18,948 SF
Lot size
3.00 Acres
Property subtype
Commercial
Building Details
Building Size
18,948 SF
Year Built
1880
Stories
3
Listing Agency:
Berkshire Hathaway NE Prop.
(848) 448-1616
Listed By:
Liz Mattern
(848) 448-1616
Source:
Elliman
Added: Mar 10
Changed: Aug 14
Last Checked: Aug 20 at 10:49AM
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.
The former YMCA site at 345 Main Street in Norwich comprises over 3 acres and features 4 buildings. Mattern Construction intends to redevelop the existing structures into a mixed-use hub offering residential, commercial, and retail spaces. Situated at the Burnham Square intersection, the property benefits from high daily traffic and visibility. 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 facility. Building C contains 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 daily traffic counts and excellent visibility.
- Diverse potential uses: residential (apartments), commercial storefronts, restaurant, and flex commercial space.
- Multiple buildings on over 3 acres, offering a variety of spaces and development opportunities.
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
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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 available.
Where is this mixed-use property located?
The property is located at 345 Main St 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 daily traffic counts and excellent visibility.; Diverse potential uses: residential (apartments), commercial storefronts, restaurant, and flex commercial space.; Multiple buildings on over 3 acres, offering a variety of spaces and development opportunities.
