Renovated Retail Space in
For Lease
$11 SF/Yr
51-53 Broadway, Norwich, CT 06360
2,000 SF renovated retail space in up-and-coming downtown Norwich.
Space SizeContact for details
Property Size4,520 SF
Lot Size0.07 Acres
Days on Market151
Property Features for 51-53 Broadway
General Information
Standard status
Active
Size
4,520 SF
Lot size
0.07 Acres
Property subtype
Commercial
Building Details
Building Size
4,520 SF
Year Built
1953
Stories
2
Listing Agency:
Signature Properties of NewEng
(860) 460-9757
Listed By:
Norman B. Peck · License #RES.0528743
(860) 460-9757
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:19AM
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 NewEng
Investment Insights
Based on property information with market context.
This 2,000 square foot retail space has been totally renovated and is located in up-and-coming downtown Norwich. The layout includes two private bathrooms and an open area. The space benefits from natural light provided by five side windows. It features a new sprinkler system, electric heat system, LED lighting, and a new alarm system. Previously, the space was occupied by a Greek restaurant. On-street parking is available. The property utilizes public water and sewer services. It is located in the CC Chelsea Commercial District. Downtown Norwich offers amenities such as the Norwich Arts Center, City Hall, the Chestnut Street Playhouse, and the library. Permitted uses for the space include tavern, assembly hall, office, club, school, indoor recreation, personal services, bank, gym, restaurant, retail, R&D, and veterinary clinic.
Key Highlights
- Totally renovated 2,000sf retail space in up‑and‑coming downtown Norwich.
- Wide range of permitted uses including restaurant, retail, office, gym, and more.
- New sprinkler system, electric heat, LED lighting, and alarm system.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.65 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
568
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
$14.77 /SF/Yr
Avg Asking Price
$7.13–$21 /SF/Yr
Price Range
4,698 SF
Avg Space Size
This space is priced 26% below the average of $14.77 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 2,000 SF renovated retail space in up-and-coming downtown Norwich.
Where is this retail space located?
The property is located at 51-53 Broadway Norwich, CT.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: Totally renovated 2,000sf retail space in up‑and‑coming downtown Norwich.; Wide range of permitted uses including restaurant, retail, office, gym, and more.; New sprinkler system, electric heat, LED lighting, and alarm system.
