575 Norwich Ave Norwich, CT 06380
- Retail properties
- 5,000 SF
Current Use by Public Records
- Retail properties
Property Details for 575 Norwich Ave
- Year built
- 1900
- Property size
- 5,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- New London
- State
- Connecticut
- Longitude
- -72.0472
- Latitude
- 41.568
