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 ...


Property

Website:https://www.nestseekers.com/5659838
Address:
231 Salem
Norwich, CT 06360
Ownership: Commercial
Type: Commercial
Bathrooms: 1
Area: 2324 sq ft

Financials

Price:$1,250,000
Annual Taxes:$9,999,999

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.

Amenities

  • Elementary School -
  • High School -
  • Intermediate School -

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Carmen Desiato of Serhant Connecticut, LLC