108 Sachem St Norwich, CT 06360
- Showrooms
- 1,200 SF
- 0.24 lot acres
Current Use by Public Records
- Connecticut Dressage & Combined Training Association / Association Or Organization
- Lori M Comforti Law Offices / Social Security Attorney
- Conley Christine M / Attorney
- Suite One Llc / Insurance Agency
Property Details for 108 Sachem St
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.24 lot acres
- Property size
- 1,200 SF
- Zone code
- NC
- Property type
- Showrooms
- APN
- NORW M:84 B:4 L:10
- APU
- NORWM84B4L10
Description
This exceptional 2,400 square foot commercial building at 108 Sachem Street in Norwich, CT presents a fantastic opportunity for business owners seeking a prime location and significant cost savings. Situated on a 0.24-acre lot, this property boasts excellent visibility and walk-in traffic due to its proximity to downtown Norwich, Norwich Free Academy (NFA), Hartford Healthcare, and numerous other professional offices. The building features a newer roof (replaced within the last 10 years), a newer hot water heater, a newer air conditioning condenser, newer windows, and updated siding, minimizing maintenance concerns. A recently installed security camera system enhances safety and security. The exterior also includes a paved driveway providing ample off-street parking, a newer ramp for easy access, and a well-maintained sodded lawn, contributing to strong curb appeal. A prominent sign with electrical hookup ensures high visibility for your business. Inside, the main level showcases attractive hardwood flooring, while the lower level features carpeting. The layout includes a welcoming front entry area and multiple offices on both levels, offering flexibility for various business types. Multiple egress points throughout the building provide convenient access and flow. The property is ideally suited for a wide range of businesses, including hair salons, nail studios, tattoo studios, therapy practices, healthcare offices, law offices, and accounting firms. This move-in ready property is priced at $270,000. Don't miss this chance to own your business space and reduce operational expenses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $300,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $305,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $265,000
- Mixed-Use
- $305,000
- Hospitality
- $325,000
- Educational
- $330,000
- Residential Income
- $285,000
- Energy
- $305,000
- Income-Based Land
- $310,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- New London
- State
- Connecticut
- Longitude
- -72.0882
- Latitude
- 41.5354
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
