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Property profile

243 Vergason Ave Norwich, CT 06360

OFF-MARKET
Warehouses
57,000 SF 10.11 ac lot Built 1983
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Property summary

AI-generated overview

This exceptional 57,000-square-foot industrial property in Norwich, CT, offers versatile manufacturing, flex, and warehouse space. Currently, 27,000 square feet is available for lease, with a minimum divisible space of 27,000 square feet and a maximum contiguous space of 27,000 square feet. Built in 1983 and renovated in 2000, this single-story building sits on a generous 10.11 acres within the Norwich Industrial Park, providing convenient access to I-395 and Route 2/32. The property features two loading docks and two drive-in doors, along with heavy power capabilities. Ample parking is available for 353 vehicles, and outside storage is also provided. The zoning is BP. This prime location offers a significant advantage for businesses seeking efficient and well-equipped industrial space. The building's layout and amenities are designed to accommodate a variety of industrial and distribution needs. This is a rare opportunity to secure a well-maintained, strategically located industrial property in a thriving Connecticut market.

Property profile

Verified
Property type Warehouses
Year built 1983
Total area 57,000 SF
Lot 10.11 ac (440,392 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Engineer

Location

243 Vergason Ave Norwich, CT 06360
Norwich metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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