Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    108 Sachem St Norwich, CT 06360

    Sponsored
    For Sale
    $270,000

    Prime Norwich location, 2,000 sq ft office building.

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 108 Sachem St, Norwich, CT 06360, presents a unique owner-user investment opportunity. The 2,000 square foot building, situated on a 0.53-acre lot, boasts 1,800 square feet of net rentable space and is currently 100% occupied, with the lease expiring May 1, 2024. Built in 1950, this two-story Class C building is zoned for commercial use and features a newer roof (replaced within the last 10 years), a newer hot water heater, a newer air conditioning condenser, newer windows, updated siding, a newer handicap-accessible ramp, and security cameras. The property also benefits from a paved driveway providing ample off-street parking, a well-maintained lawn, and a visible sign with electrical hookup. The interior features hardwood floors on the main level and carpeted floors on the lower level, along with a front entry area and numerous offices on both floors. Multiple egress points offer flexibility for various business configurations. Its prime location near downtown Norwich, NFA, Hartford Healthcare, and numerous other businesses ensures high visibility and walk-in traffic. The asking price is $270,000, translating to $135 per square foot. This versatile property is ideal for a wide range of businesses, including hair salons, nail studios, tattoo studios, therapy practices, healthcare offices, law offices, and accounting firms.

    Property Features for 108 Sachem St

    General Information

    Property type
    Medical offices
    Square Feet
    2,000 SF
    Class
    C
    Lot Size
    23,087 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    2

    HighLights

    • $270,000 asking price for this 2,000 sq ft office building.
    • Located at 108 Sachem St, Norwich, CT 06360, on a 0.53‑acre lot.
    • 100% occupied, with occupancy date of May 1, 2024.
    • Features include a newer roof, hot water heater, AC condenser, handicap ramp, windows, siding, and security cameras.
    • The 1950‑built, two‑story building offers 1,800 sq ft of net rentable space, priced at $135/sq ft.
    • Zoned commercial, suitable for various uses including medical, creative, and traditional office spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Connecticut Dressage & Combined ... Association Or Organization Lori M Comforti ... Social Security Attorney Conley Christine M Attorney Suite One Llc Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.0881656
    Latitude
    41.5354111

    Nearby Similar for Sale

    • New
      $375,000
      2,606 SF

      Norwich Four-Family Vacant Multi-Unit

      Versatile multi-unit property in Norwich, Connecticut, offering flexibility and potential.
      232 Franklin St, Norwich, CT 06360
      View Details
    • $329,000
      2,174 SF

      Norwich Two-Family Home Opportunity

      Side-by-side two-family home in Norwich, Connecticut.
      8 3Rd St, Norwich, CT 06360
      View Details
    • $240,000
      Pending

      Norwich Triplex with Redevelopment Potential

      Three-unit home in Norwich, offering redevelopment potential and ample parking.
      220 Franklin St, Norwich, CT 06360
      View Details
    • $478,000
      2,430 SF

      Prime Commercial Property in Norwich

      High-traffic commercial and residential income property in Norwich, CT.
      82 Salem Tpke, Norwich, CT 06360
      View Details
    • $499,000
      4,280 SF

      Norwich Commercial Building For Sale

      Three-story commercial building in Norwich, CT with modern updates.
      200 West Town St, Norwich, CT 06360
      View Details
    • $649,999
      Pending

      Griswold Mixed-Use Property For Sale

      Two-family home and steel building suitable for commercial use.
      730 Plainfield Rd, Griswold, CT 06351
      View Details
    • $279,000
      2,014 SF

      Norwich Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and residential apartments in Norwich.
      197 Central Ave, Norwich, CT 06360
      View Details
    • $3,500,000
      23,308 SF

      Norwich Retail Investment Opportunity

      23,000+ SF retail property on Route 82 in Norwich, CT.
      276 W Main St, Norwich, CT 06360
      View Details
    • $279,000
      2,014 SF

      Mixed-Use Property in Busy Area

      Versatile Norwich property with commercial and residential income potential.
      197 Central Ave, Norwich, CT 06360
      View Details
    • $500,000
      4,660 SF

      Mixed-Use Property with Income Potential

      Commercial space with residential apartment, ideal for diverse business ventures.
      167-169 Slater Ave, Griswold, CT 06351
      View Details
    • $149,900

      Seasonal Park Model Home

      Furnished 1-bedroom park model home with lake access.
      262 Shetucket Tpke, Griswold, CT 06351
      View Details
    • $419,000
      2,462 SF

      Norwich Four-Unit Investment Opportunity

      Fully rented four-unit property in Norwich near amenities.
      12 Penobscot St, Norwich, CT 06360
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Norwich location, 2,000 sq ft office building.
    Where is this medical office located?
    The property is located at 108 Sachem St Norwich, CT.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: $270,000 asking price for this 2,000 sq ft office building.; Located at 108 Sachem St, Norwich, CT 06360, on a 0.53-acre lot.; 100% occupied, with occupancy date of May 1, 2024.
    Request Owner's contact information
    108 Sachem St Norwich, CT 06360
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    108 Sachem St
    Norwich, CT 06360
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    108 Sachem St Norwich, CT 06360
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.