152 Main St Preston, CT 06360
This iconic two-story, 2,748 square foot building at 152 Main Street, Norwich, CT, presents a unique investment opportunity. Built in 1900, this mixed-use property offers two units and is ideally situated across from the courthouse in the heart of Norwich, Connecticut, known as the "Rose of New England." Its prime location benefits from high visibility and foot traffic, with proximity to City Hall and the scenic Marina. The building's versatility allows for a variety of uses, including restaurant, storefront, and traditional office space. The asking price is $225,000, translating to $81.88 per square foot. The convergence of the Yantic, Thames, and Shetucket Rivers at Norwich Harbor adds to the location's desirability, offering natural beauty and historical significance. This thriving area promises a dynamic environment for any business seeking a prominent location in a growing community. The property's location at the crossroads of government, commerce, and leisure makes it an attractive investment for those seeking a strong return on investment in a vibrant and historic setting. This is a chance to become a cornerstone of the Norwich community. The property is located in New London County, zip code 06360.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.