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Property profile & analytics

51-53 Broadway Norwich, CT 06360

  • Showrooms
  • 4,520 SF
  • 0.07 lot acres
OFF-MARKET
Value Estimations
$190,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US15-0014476
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.

Current Use by Public Records

  • Showrooms

Property Details for 51-53 Broadway

Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.07 lot acres
Property size
4,520 SF
Zone code
CC
Property type
Showrooms
APN
NORW M:102 B:3 L:40
APU
NORWM102B3L40

Description

This 2,000 square foot commercial space, located at 51-53 Broadway in Norwich, CT, is available for lease. Recently renovated, the property boasts a completely updated interior, including new sprinkler, electrical, and HVAC systems, as well as LED lighting and a new alarm system. The open floor plan is complemented by two private bathrooms and five large windows providing ample natural light. Previously occupied by a Greek restaurant, this versatile space is zoned CC (Chelsea Commercial District) and offers a wide range of permitted uses, including tavern, assembly hall, office, club, school, indoor recreation, personal services, bank, gym, restaurant, retail, R&D, and veterinary clinic. The 4,520 square foot building sits on a 0.07-acre lot and was built in 1953. On-street parking is available. The property benefits from public water, sewer, and gas services. Its prime downtown location offers easy access to the Norwich Arts Center, City Hall, Chestnut Street Playhouse, and the library. Lease rate is $11 per square foot, plus utilities. The property's convenient location and extensive permitted uses make it an ideal space for a variety of businesses. The building's recent renovations ensure a modern and efficient workspace. This is a single-tenant occupancy property.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $230,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $152,000
    Market price range: $152k - $393k
    AI Estimate
    $186,000
    Market price range: $186k - $502k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $285,000
    Current use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Norwich
County
New London
State
Connecticut
Longitude
-72.0756
Latitude
41.5252
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
$5,482
$31,600
$81,100
$112,700
-
$0.00
$0.00
$0.00
More about this property
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