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$1,250,000
Est. payment /mo
1 Bath
2,324 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,324 sqft
Price per Sqft $537
MLS Listing ID 24194921
Full Baths 1
Year Built 1850
Annual Tax Amount $9,999,999
Lot Size 4.040 Acres
Property Description
Rare 4.0-acre commercial development assemblage on one of Norwich's primary retail corridors - two adjoining parcels combined into a single contiguous, corridor-fronting site zoned Regional Commercial (RC), the City's district for moderate-to-large-scale business serving city-wide and regional needs. Set at a signalized Route 82 interchange with direct highway access (est. ~20,000 vehicles/day) and positioned across from a Walmart Supercenter. Minutes from national grocery, fitness, lodging and hospital anchors, a proven big-box and daily-needs node. Combined frontage supports a new curb cut set well back from the traffic signal, and the site offers manageable topography suited to a single-tenant pad or multi-tenant layout. RC zoning permits a broad range of uses: retail, restaurants, hotels, offices, clinics and entertainment, with self-storage and fuel/convenience by Special Permit. Full merger of the parcels is contingent on the City's discontinuance of a short dead-end road segment, viewed favorably by municipal economic-development staff as sound planning. Trade-area demographics: ZIP median household income $65,539 / average $86,411; Southeastern CT regional median $86,586 / average $111,769. More information available on request. Buyer to verify zoning, permitted uses, utilities, traffic counts and all approvals.
Location
State CT
County New London
Zoning PC, Planned Commercial
Interior
Heating Other
Cooling None
Exterior
Utilities Available Electric, Gas
Roof Type Other
Building
Lot Description Corner Lot, Dry, Sloping Lot
Sewer Public Sewer In Street
Water Public Water In Street
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Listed by Carmen Desiato • Serhant Connecticut, LLC
Nearby School & Business
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