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Adaptable Mill Space on Norwich Avenue
For Lease
$22 SF/Yr NNN

539 Norwich Ave, Norwich, CT 06380

Ideal for Industrial, Cannabis, and Manufacturing Uses

Space Size50,000 SF
Days on Market233

Property Features for 539 Norwich Ave

General Information

Standard status Active
Property type Industrial properties, Office Spaces, Warehouses
Size 50,000 SF
Class B
Total Parking Spaces 50
Elevators Yes
Lease Type NNN
Lease Term Monthly
Rate Type Yearly

Building Details

Year Built 1900
Year Renovated 2026
Buildings 1
Stories 2
Listed By: Glenn La Mattina
Added: Jan 21 Changed: Mar 16

Investment Insights

Based on property information with market context.

Located on Norwich Avenue in Taftville, CT, Mill 539 offers a 50,000 SF commercial property suitable for various uses. The two-story building features 25,000 SF of contiguous space per floor. The property is located on Norwich Avenue (CT-12), providing access to I-395 and downtown Norwich. The building provides flexible, open floor plates suitable for showroom, distribution, medical, professional, or specialty operations. The space is delivered in vanilla box condition and includes dock and grade-level access. On-site parking is available. The property is suited for showroom (flooring, tile, lighting, kitchen & bath, appliances), trade distributor (electrical, plumbing/HVAC, industrial supply), medical or wellness center, educational or training facility, e-commerce fulfillment or light assembly, and office or professional services. High-visibility signage opportunities are available.

Property Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

151
Businesses Nearby

Demographics for 06380, CT

2,892
Population
1,299
Households
2.2
Avg Household Size
37
Median Age
21%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
2,892
Density / Sq Mi
$44,430
Median Household Income
$41,791
Median Earnings
$1,177
Median Rent
$187,000
Median Home Value

Market

Lease Benchmarks for Norwich, CT

$13.53 /SF/Yr
Avg Asking Price
$7.86–$22 /SF/Yr
Price Range
46,088 SF
Avg Space Size

This space is priced 63% above the average of $13.53 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Industrial property - Ideal for Industrial, Cannabis, and Manufacturing Uses
Where is this industrial property located?
The property is located at 539 Norwich Ave Norwich, CT.
What is the lease rate?
The lease rate is $22 SF/Yr.
More about this property
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