485 Main St Norwich, CT 06360
Property profile & analytics
485 Main St Norwich, CT 06360
- Showrooms
- 5,643 SF
- 0.20 lot acres
Property ID
US15-1239037
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
- Providence Lacquer & Supply / Auto Repair Shop
Property Details for 485 Main St
- Year built
- 1880
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.20 lot acres
- Property size
- 5,643 SF
- Zone code
- MF
- Property type
- Showrooms
- APN
- NORW M:103 B:4 L:31
- APU
- NORWM103B4L31
Description
This exceptional investment opportunity presents a 5,643 square foot industrial property located at 485 E Main St, Norwich, CT 06360. The property, built in 1880, sits on a 0.2-acre lot and features one building with five units, currently operating at 100% occupancy. The flexible manufacturing, warehouse, and flex zoning (MF) allows for diverse uses. The building boasts a 12-foot ceiling height, though it lacks loading docks or dock-high doors. All five tenants are on month-to-month leases, presenting an opportunity for below-market rent increases or owner-occupancy. The 6.53% cap rate makes this a strong investment prospect in the growing Norwich market. This owner/user investment is priced at $349,900. The property's prime location in New London County offers significant growth potential for businesses seeking expansion or investors looking for a solid return. The current use is storage, with five separate tenant spaces. This presents a unique opportunity for a single-tenant user or an investor seeking a multi-tenant income stream.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- New London
- State
- Connecticut
- Longitude
- -72.065
- Latitude
- 41.5227
- 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
$5,885
$35,200
$85,800
$121,000
-
$0.00
$0.00
$0.00
