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Property profile & analytics
OFF-MARKET
Showrooms

124 Town St Norwich, CT 06360-2125

1,561 SF 0.28 ac lot Built 1940
Entity Owned ~ Est. High Equity
Property ID
US15-0960373
Property summary
AI-generated overview

This meticulously maintained 1,561 sq ft commercial building in Norwich, CT, presents a unique investment opportunity. Ideally situated just off Interstate 395, this property boasts excellent visibility and accessibility. The first floor offers versatile office space, currently configured as an insurance company office. The second floor provides the option of either additional private office space or a one-bedroom apartment, complete with separate utilities. This allows for live-work flexibility, or the potential for additional income streams. Imagine running your business downstairs and living comfortably upstairs, or utilizing the upper level for private meetings and conferences. The property includes ample parking with ten designated spots, one handicapped-accessible space, and a two-stall detached garage offering four parking spaces in total. Significant updates have been made throughout the building over the past fifteen years, ensuring modern functionality and efficiency. The current tenant lease expires at the end of November, presenting a flexible timeline for occupancy. The 0.28-acre lot provides ample space for operations and potential future expansion. This property is a rare find, combining prime location, versatile space, and recent upgrades, making it an exceptional investment opportunity.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,561 SF
Lot 0.28 ac (12,196 SF)
Zoning code NC/GC
APN NORW M:66 B:1 L:19
UPID US15-0960373
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • HUB International Insurance Agency
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
by Request
Owner & transaction history
Theo Takoda LLC
Theo Takoda LLC
since 2025
Last sale
$293,750
3 recorded transactions
2025
$293,750
2014
Price N/A
1999
$109,093
Zoning & alternative use
NC/GC · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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