Mixed-Use Property with
For Sale
$350,000
8 Mechanic Street, Norwich, NY 13815
Combination of residential units and commercial space with off-street parking in Norwich.
Property Size7,500 SF
Price / SF$46.67
Days on Market47
Property Features for 8 Mechanic Street
General Information
Standard status
Active
Size
7,500 SF
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Listing Agency:
Howard Hanna
(607) 336-8080
Listed By:
Stephen M. Bernardi
(607) 316-1590
Source:
Nicholcityrealty
Added: Sep 19
Changed: Nov 4
Last Checked: Nov 3 at 6:35AM
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 Howard Hanna
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Investment Insights
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This 7,500-square-foot mixed-use property combines four one-bedroom apartments with two commercial spaces. One commercial space is currently leased, while two apartments are occupied and the remaining two are being prepared for lease. Off-street parking is included, with an additional 0.15 acres across three parcels forming the parking area.
The property is located at 8 Mechanic Street in Norwich, with access to shopping, public parks, entertainment, and public transportation. Water, trash, and snow removal are included. The offering includes parcel numbers 136.48-5-1, 136.48-5-23, and 136.48-5-24.
The property is located at 8 Mechanic Street in Norwich, with access to shopping, public parks, entertainment, and public transportation. Water, trash, and snow removal are included. The offering includes parcel numbers 136.48-5-1, 136.48-5-23, and 136.48-5-24.
Key Highlights
- Four 1‑bedroom apartments and 2 commercial spaces
- 7,500‑square‑foot mixed‑use property
- One commercial space currently rented
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
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Business Placement
Demographics for 13815, NY
13,063
Population
6,445
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
90%
High-School Grad
108.2 sq mi
ZIP Area
121
Density / Sq Mi
$59,757
Median Household Income
$39,776
Median Earnings
$835
Median Rent
$127,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combination of residential units and commercial space with off-street parking in Norwich.
Where is this mixed-use property located?
The property is located at 8 Mechanic Street Norwich, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four 1‑bedroom apartments and 2 commercial spaces; 7,500‑square‑foot mixed‑use property; One commercial space currently rented
