94 Main StNorwich, CT 06360

This three-story, 8,319 square foot mixed-use building at 94 Main Street in Norwich, Connecticut, presents a compelling value-add investment opportunity. The property features a blend of retail, office, and residential space. Currently, four one-bedroom loft-style apartments are fully occupied, each generating $1,100 per month in rent (plus utilities). A recently renovated day spa occupies the second floor. The first floor retail space is vacant and requires repairs. The building boasts several key improvements, including a fully sprinklered system, a new fire alarm system, and an updated main electrical service. The City of Norwich offers grant programs that may cover up to 50% of building renovation costs, further enhancing the investment potential. This fee-simple ownership opportunity is situated in the heart of downtown Norwich, in New London County, zip code 06360. The property is classified as Class C and is categorized as a multifamily and retail investment of the value-add type. All reasonable offers will be considered.