101 Water St Norwich, CT 06360-5730
- Showrooms
- 34,440 SF
- 0.73 lot acres
Current Use by Public Records
- Olivia Whittle / Social Worker
- Tyler Technologies / Software Company
- Unify Business Solutions, LLC / Graphic Designer / Promotional Products Supplier
- Expansive Portable Toilet Rental of Norwich / Portable Toilet Supplier / Waste Management Service
- Expansive Portable Toilets Norwich / Portable Toilet Supplier
Property Details for 101 Water St
- Year built
- 1986
- Construction
- STEEL FRAME
- Lot size
- 0.73 lot acres
- Property size
- 34,440 SF
- Zone code
- CC
- Property type
- Showrooms
- APN
- NORW M:102 B:6 L:62
- APU
- NORWM102B6L62
Description
This three-story, 34,440-square-foot office building at 101 Water Street in Norwich, CT, is available for lease. The property, built in 1986, sits on 0.73 acres and offers a variety of office spaces, including traditional, executive, and medical office suites. The building features 75 parking spaces in an under-building garage with elevator access to all floors. A unique feature is a former bank vault (approximately 4,000 square feet) on the first floor. Many offices boast stunning Thames River views. The building is handicap accessible and conveniently located near I-95 and I-395. The entire building (34,440 square feet) must be leased. The lease rate is $2.00 NNN, with estimated NNN costs of approximately $7.00. The property is zoned CC and includes both finished and unfinished office space. This is a rare opportunity to lease a substantial, well-located commercial building in downtown Norwich.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,771,000
- AI Estimate
- $2,050,000
Market price range: $1.16M - $3.00MMarket price range: $1.42M - $3.83M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,160,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $2,520,000 Change: +17% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $2,105,000 Change: -2% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- New London
- State
- Connecticut
- Longitude
- -72.0782
- Latitude
- 41.5236
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA