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Property profile & analytics
OFF-MARKET
Office Units

7 Otis St Norwich, CT 06360

7,042 SF Built 1850
Property ID
US15-0970384
Property summary
AI-generated overview

This exceptional investment opportunity presents two commercial buildings totaling 7,042 square feet on a 0.41-acre lot, ideally situated just half a mile north of Norwich's vibrant downtown. The property boasts a rich history, dating back to 1850, and features stunning architectural details including numerous antique fireplaces and beautiful hardwood floors throughout. Building one, encompassing 2,099 square feet, includes a first floor with 442 square feet of space, two offices, two bathrooms, and a three-car garage. The second floor offers 1,022 square feet and one and a half bathrooms. Building two, a substantial 7,042 square feet, is a two-story structure with a full basement, each floor offering approximately 2,354 square feet of usable space. This building features one and a half bathrooms, a granite entryway, and is handicap accessible. Both buildings offer attractive features, including an enclosed porch on Building 1 and a front porch on Building 2 with a captivating view of St. Patrick's Cathedral. The property is further enhanced by meticulously maintained landscaping and grounds. The asking price is $539,000, translating to $76.54 per square foot. This unique property is zoned 0.41 and presents a rare chance to acquire a significant piece of Norwich's commercial landscape.

Property profile
Verified
Property type Office Units
Year built 1850
Total area 7,042 SF
UPID US15-0970384
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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