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56 Norwich Ave 2,237 SF 100% Leased Retail Building Colchester, CT 06415 $759,476 CAD ($339.51 CAD/SF)

INVESTMENT HIGHLIGHTS
- Rare first-time offering in the heart of downtown Colchester with strong visibility and walkable town-center positioning
- Generous on-site parking supporting customer convenience and enhancing viability for a wide range of commercial users
- Well-maintained mixed-use configuration combining retail, service, and residential elements for flexible income potential
EXECUTIVE SUMMARY
Opportunity knocks in downtown Colchester! First time offered. Pristinely maintained by original family. Versatile building in town center with generous parking. 3 units most recently used as a salon, clothing/boutique/retail and one residential unit, 2nd floor. Walk up attic offers expansion potential. Living above work is viable here! See attachments for extensive TC permitted uses. Separate utilities for each floor, apt. is on it's own furnace, electric, and hot water. Building is denoted as commercial, so listing is under commercial offering. Practical/ current use is more mixed use, best represented in multiple units. One stylist remains mo. to mo. - with part time hours. Easy to show.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,237 SF
Building Class
C
Year Built
1920
Price
$759,476 CAD
Price Per SF
$339.51 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.10
Lot Size
0.54 AC
Zoning
TC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | COLC-000016-000000-000062 | Improvements Assessment | $152,204 CAD |
| Land Assessment | $132,188 CAD | Total Assessment | $284,392 CAD |
PROPERTY TAXES
Parcel Number
COLC-000016-000000-000062
Land Assessment
$132,188 CAD
Improvements Assessment
$152,204 CAD
Total Assessment
$284,392 CAD
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56 Norwich Ave
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