94 Main StNorwich, CT 06360

Property Details for 94 Main St

Year built

1849

Construction

FRAME

Lot size

0.12 AC

Property size (Sq ft)

8,319 SF

Zone code

CC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NORW M:102 B:2 L:58

APU

NORWM102B2L58

Description

This three-story, 8,319 square foot mixed-use building at 94 Main Street in Norwich, Connecticut, presents a compelling value-add investment opportunity. The property features a blend of retail, office, and residential space. Currently, four one-bedroom loft-style apartments are fully occupied, each generating $1,100 per month in rent (plus utilities). A recently renovated day spa occupies the second floor. The first floor retail space is vacant and requires repairs. The building boasts several key improvements, including a fully sprinklered system, a new fire alarm system, and an updated main electrical service. The City of Norwich offers grant programs that may cover up to 50% of building renovation costs, further enhancing the investment potential. This fee-simple ownership opportunity is situated in the heart of downtown Norwich, in New London County, zip code 06360. The property is classified as Class C and is categorized as a multifamily and retail investment of the value-add type. All reasonable offers will be considered.

Location Insight

City

Norwich

County

New London

State

Connecticut

Latitude

41.5244

Longitude

-72.0777

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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