16 Town St Norwich, CT 06360
- Commercial real estate
- 1.30 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 16 Town St
- Lot size
- 1.30 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.3-acre commercial land parcel, located at 16 Town St in Norwich, Connecticut (zip code 06360), presents a unique investment opportunity. Zoned R-20, this site is ideally suited for mixed-use or retail development, with potential for a building up to approximately 10,000 square feet (subject to obtaining necessary permits). The property boasts a highly desirable suburban location, offering convenient access to a multitude of amenities. Its proximity to the Norwichtown Commons power center, featuring several national retailers, and its adjacency to Backus Hospital and other medical facilities, ensures high visibility and strong potential for attracting customers and tenants. The site benefits from the charming atmosphere of Norwichtown while enjoying the advantages of being near major healthcare and retail hubs. This prime location offers a blend of suburban tranquility and convenient access to essential services and commercial activity. The property's 1.3 acres provide ample space for a substantial development project, making it an attractive proposition for developers seeking a strategic location in a thriving Connecticut community. The asking price for this exceptional development opportunity is $1,200,000. This is a rare chance to acquire a well-positioned commercial land parcel in a high-demand area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- New London
- State
- Connecticut
- Longitude
- -72.0895667
- Latitude
- 41.5455268
