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    61-65 Town St Norwich, CT 06360

    Sponsored
    For Lease
    Contact for pricing

    Prime 0.68-acre commercial lot.

    Lot size:
    29,669 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.68-acre commercial land parcel, located at 61-65 Town Street in Norwich, Connecticut, presents a unique opportunity for businesses seeking a strategic location in New London County. The property boasts a substantial 29,669 square feet of land, offering ample space for development or expansion. Its single-tenant designation provides flexibility for a variety of commercial uses. The property's address is conveniently situated at 61-65 Town Street, Norwich, CT 06360, within easy reach of local amenities and transportation routes. The site is classified as commercial land, providing a blank canvas for prospective tenants to tailor the space to their specific needs. This is an ideal opportunity for businesses looking to establish a strong presence in a thriving Connecticut community. The property is available for lease, offering a chance to secure a prime location in a desirable market. With its significant size and strategic location, this property is poised for success. The property's zoning and permitted uses should be verified independently by prospective tenants. Interested parties are encouraged to conduct their due diligence to ensure the property aligns with their business objectives. The property is situated in New London County, offering access to a robust regional economy.

    Property Features for 61-65 Town St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,669 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    29,669 SF

    HighLights

    • 29,669 SF commercial lot for sale or lease adjacent to a Stop & Shop anchored center.
    • High visibility at two lighted intersections on New London Turnpike and Town Street.
    • Strong retail co‑tenancy including Planet Fitness, Big Lots, and Dollar Tree.
    • Densely populated area with 37,191 residents within 3 miles and 50,699 within 5 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.0928229
    Latitude
    41.5476265

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    FAQs

    What type of property is this?
    Land - Prime 0.68-acre commercial lot.
    Where is this land located?
    The property is located at 61-65 Town St Norwich, CT.
    What are key features of this property?
    This property features: 29,669 SF commercial lot for sale or lease adjacent to a Stop & Shop anchored center.; High visibility at two lighted intersections on New London Turnpike and Town Street.; Strong retail co-tenancy including Planet Fitness, Big Lots, and Dollar Tree.
    Request Owner's contact information
    61-65 Town St Norwich, CT 06360
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    Norwich, CT 06360
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    61-65 Town St Norwich, CT 06360
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