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327 Laurel Hill Ave
Norwich, CT 06360
Retail Property For Sale
Investment Highlights
- Located in an opportunity zone
- Potential for many commercial uses
Executive Summary
For Sale, a two story 9,272 square foot masonry and brick building that was at one time a school, and most recently a restaurant. Handicap access, plenty of paved parking. There appears to be approximately 44 parking spaces. Located in an NC (Neighborhood Commercial)
Zone, there are a number of uses that are
possible including restaurant with bar, hotel, apartments, mixed use, offices, to name some. Only 10 miles to the Navy Subbase and 13.6 miles to Electric Boat.
Less than 5 minutes to the 400 acres the Mohegans will be developing. Ten minutes to the Mohegan Sun Casino and 15 minutes to Foxwoods Resort. It is in an Opportunity and Enterprise Zones offering some good tax benefits. Property is being purchased in "As Is" condition. Seller will make no additional repairs or upgrades. Buyer is to do their own due diligence regarding condition of this property.
PERMITTED: Restaurant w/ bar, Hotel, Apartments, Mixed Use, Office...
DIRECTIONS: I-395 Exit 11. Go east on Route 82 to end. (See bldg. straight ahead). Turn right on Chelsea Harbor Dr. (one way). At second traffic light, turn right on Water Street, at light turn right onto Laurel Hill (Route12) 327 on right
Zone, there are a number of uses that are
possible including restaurant with bar, hotel, apartments, mixed use, offices, to name some. Only 10 miles to the Navy Subbase and 13.6 miles to Electric Boat.
Less than 5 minutes to the 400 acres the Mohegans will be developing. Ten minutes to the Mohegan Sun Casino and 15 minutes to Foxwoods Resort. It is in an Opportunity and Enterprise Zones offering some good tax benefits. Property is being purchased in "As Is" condition. Seller will make no additional repairs or upgrades. Buyer is to do their own due diligence regarding condition of this property.
PERMITTED: Restaurant w/ bar, Hotel, Apartments, Mixed Use, Office...
DIRECTIONS: I-395 Exit 11. Go east on Route 82 to end. (See bldg. straight ahead). Turn right on Chelsea Harbor Dr. (one way). At second traffic light, turn right on Water Street, at light turn right onto Laurel Hill (Route12) 327 on right
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,272 SF
Building Class
B
Year Built
1900
Price
$574,363 CAD
Price Per SF
$61.95 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.30
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
NC - NC Neighborhood Commercial Zone. Also, the Enterprise Zone offers some good tax benefits.
Also - located in OPPORTUNITY ZONE
Parking
44 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | NORW-000118-000002-000018 | Improvements Assessment | $201,711 CAD |
| Land Assessment | $63,317 CAD | Total Assessment | $265,027 CAD |
Property Taxes
Parcel Number
NORW-000118-000002-000018
Land Assessment
$63,317 CAD
Improvements Assessment
$201,711 CAD
Total Assessment
$265,027 CAD
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