Property profile

415 Main St Norwich, CT 06360

OFF-MARKET
Restaurants
73,016 SF 3.51 ac lot Built 1952
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Property summary

AI-generated overview

This exceptional opportunity presents three available spaces within the bustling Westgate Plaza at 415 West Main Street, Norwich, CT 06360. The property, a single-story building constructed in 1952, boasts a total of 73,016 square feet situated on a 3.51-acre lot. The available spaces range from 2,000 square feet to 7,172 square feet, ideal for a variety of restaurant or retail concepts. The building is zoned GC and features ample on-site parking in a dedicated parking lot, ensuring convenient access for customers and employees. The location offers excellent visibility and accessibility, with easy access to major roadways and proximity to Interstate 395 (approximately one mile away). This thriving plaza enjoys a diverse tenant mix, including Sherwin Williams, a nail salon, the Salvation Army, a phone repair business, and two existing restaurants, creating a vibrant and established commercial environment. The spaces are perfect for businesses seeking high visibility and a strong customer base in a well-established commercial center. This is a rare opportunity to secure prime commercial space in a desirable Norwich location.

Property profile

Verified
Property type Restaurants
Year built 1952
Total area 73,016 SF
Lot 3.51 ac (152,896 SF)

Cap rate & NOI

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

Location

415 Main St Norwich, CT 06360
Norwich metro
Google Maps

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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