327 Laurel Hill Ave Norwich, CT 06360

Property Details for 327 Laurel Hill Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.70 lot acres

Property size

9,272 SF

Zone code

NC

Property type

Showrooms

APN

NORW M:118 B:2 L:18

APU

NORWM118B2L18

Description

This exceptional commercial property, located at 327 Laurel Hill Avenue in Norwich, Connecticut, presents a unique investment opportunity. The substantial 9,272 square foot building boasts a solid masonry and brick construction, offering durability and character. Previously utilized as a school and more recently a restaurant, this versatile space is zoned NC (Neighborhood Commercial), allowing for a wide range of potential uses. Imagine transforming this expansive building into a thriving restaurant with a bar, a comfortable hotel, modern apartments, a mixed-use development, or a collection of offices – the possibilities are extensive. The property includes ample paved parking, with approximately 44 spaces available, ensuring convenient access for patrons and employees. The 0.7-acre lot provides significant space and visibility. Situated within an Enterprise Zone, this property offers attractive tax benefits, further enhancing its investment appeal. The property is being sold "as is," with no additional repairs or upgrades provided by the seller. Prospective buyers are responsible for conducting their own due diligence regarding the property's condition. Please note that this sale is subject to Probate Court Approval. This is a remarkable opportunity to acquire a substantial commercial property in a desirable location with significant potential for redevelopment and strong return on investment.

Location Insight

City

Norwich

County

New London

State

Connecticut

Longitude

-72.0751

Latitude

41.512

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments