727 Boswell Ave Norwich, CT 06360
- Showrooms
- 6,843 SF
- 0.33 lot acres
Current Use by Public Records
- Adams Auctioneers & Appraisers / Service Establishment / Auction House
Property Details for 727 Boswell Ave
- Year built
- 1952
- Construction
- FRAME
- Lot size
- 0.33 lot acres
- Property size
- 6,843 SF
- Zone code
- GC
- Property type
- Showrooms
- APN
- NORW M:71 B:2 L:84
- APU
- NORWM71B2L84
Description
This versatile Norwich, CT commercial property at 727 Boswell Avenue offers 6,843 square feet of prime retail and warehouse space on a 0.33-acre lot. Boasting a highly desirable location with 13,200 daily vehicles passing by and easy I-395 access, this property presents a significant opportunity. The first floor features 6,843 square feet of street-facing retail space, including large showroom areas, a loading dock, and a 600-square-foot garage ideal for a repair shop or storage. The layout allows for division into multiple retail storefronts. The property benefits from city water, sewer, and gas connections. Unit A offers 600 amps of 3-phase electrical service and loading dock access
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $215,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $255,000
- 6.5%
- $265,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $225,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $230,000
- Mixed-Use
- $280,000
- Hospitality
- $225,000
- Educational
- $280,000
- Residential Income
- $260,000
- Energy
- $235,000
- Income-Based Land
- $250,000
- Food Service
- $290,000
Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- New London
- State
- Connecticut
- Longitude
- -72.054
- Latitude
- 41.5461
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA