327 Laurel Hill Ave Norwich, CT 06360
Property Lookup
Property profile & analytics
327 Laurel Hill Ave Norwich, CT 06360
- Showrooms
- 9,272 SF
- 0.70 lot acres
Property ID
US15-1235025
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Showrooms
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,032
$44,100
$141,600
$185,700
-
$0.00
$0.00
$0.00
