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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

575 Norwich Ave Norwich, CT 06380

5,000 SF Built 1900
Property ID
Property summary
AI-generated overview

This exceptional 5,000-square-foot free-standing building, completely renovated in 2024, presents a unique opportunity for a restaurant in Taftville, Connecticut. Situated directly across from the Ponemah Mills Complex, this two-story property benefits from its central location within a thriving redevelopment project. The Ponemah Mills redevelopment includes over 600 new apartments (Phases 1 & 2 completed or under construction), creating a substantial built-in customer base. The building's historical charm has been meticulously preserved during its recent renovation, offering a blend of character and modern amenities. Its convenient location, less than half a mile from I-395 and under five miles from downtown Norwich, ensures excellent accessibility. Furthermore, its proximity to the major casinos, Foxwoods and Mohegan Sun, and the expanding Electric Boat facility in Groton, contributes to a robust and growing regional economy, fueling increased demand for housing and local amenities. The property is part of the New London metropolitan area, known for its cultural attractions, top-rated beaches, and diverse residential and commercial zones. Flexible lease options and competitive rates are available to support new businesses. This is an unparalleled opportunity to establish a thriving restaurant in a dynamic and rapidly developing community.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1900
Total area 5,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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