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197-199 Central Ave
Norwich, CT 06360
Retail Property For Sale
Executive Summary
Explore this exceptional investment opportunity in Norwich, CT with this versatile mixed-use property. Ideally situated in a busy area, this property offers a unique blend of commercial and residential spaces to suit your investment goals. The main level, presents an excellent space for a retail shop or salon, poised to attract customers and thrive as a business spot. There is one 2 BR / 1BA and one 1BR/1BA apartments attached and currently the 1BR/1BA is vacant.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,014 SF
Building Class
C
Year Built
1830
Price
$378,352 CAD
Price Per SF
$187.86 CAD
Cap Rate
14.28%
NOI
$54,031 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.16
Lot Size
0.04 AC
Zoning
MF5
Parking
2 Spaces (0.99 Spaces per 1,000 SF Leased)
Frontage
72’ on Central Ave
Property Taxes
| Parcel Number | NORW-000094-000002-000053 | Improvements Assessment | $72,687 CAD |
| Land Assessment | $20,477 CAD | Total Assessment | $93,164 CAD |
Property Taxes
Parcel Number
NORW-000094-000002-000053
Land Assessment
$20,477 CAD
Improvements Assessment
$72,687 CAD
Total Assessment
$93,164 CAD
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