Property profile

108 Sachem St Norwich, CT 06360

OFF-MARKET
Showrooms
Property ID
US15-0177437
1,200 SF 0.24 ac lot Built 1950
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1950
Construction FRAME
Total area 1,200 SF
Lot 0.24 ac (10,454 SF)
Zoning code NC
APN NORW M:84 B:4 L:10
UPID US15-0177437

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Association Or Organization
  • Law Firm
  • Law Firm
  • Insurance Agency

Location

108 Sachem St Norwich, CT 06360-4240
Norwich metro Census 696500 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$240k

Owner & transaction history

since 2026
7 recorded transactions
2026
Price N/A
2013
Price N/A
2008
$215,000
2003
$219,000
1995
$181,379
1988
$160,000
1987
Price N/A

Zoning & alternative use

NC · Norwich, CT
Zoning description

Neighborhood Commercial District NC Norwich State Hospital District NSD Planned Development Design District PDD Regional Commercial District RC Waterfront Development District WD Other Districts Government Facilities Dis…

General category COMMERCIAL

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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