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101 Water St

34,440 SF 100% Leased Office Building Norwich, CT 06360 £1,173,675 (£34/SF)

Executive Summary

Opportunity Zone investment property. 34,000 SF, 3 story office building located in the business center of downtown Norwich with views of the Thames River. Building is currently available for use. Former bank space with vault approximately 4,000 SF on first floor. Both finished office space and unfinished space. Elevator from garage to all floors ADA accessible.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
34,440 SF
Building Class
B
Year Built
1986
Price
£1,173,675
Price Per SF
£34
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
11,480 SF
Slab to Slab
11 ft
Building FAR
0.86
Land Acres
0.92 AC
Opportunity Zone
Yes
Zoning
CC - CCD
Parking
85 Spaces (2.47 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Route
  • Waterfront

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 17,224 SF
  • Office
  • Full Build-Out
  • 30 Days

34,400 SF commercial building available for lease in downtown Norwich. Building is handicap accessible. Parking garage under building for 75 cars. Convenient to I-95 and I-395. Lease rebates available from the NCDC. Lease rate is $2.00 NNN. NNN is approximately $7.00. Tenant must take the entire building (34,440 SF).

  • 2nd Floor
  • 9,000 SF
  • Office
  • Full Build-Out
  • 30 Days

34,400 SF commercial building available for lease in downtown Norwich. Building is handicap accessible. Parking garage under building for 75 cars. Convenient to I-95 and I-395. Lease rebates available from the NCDC. Lease rate is $2.00 NNN. NNN is approximately $7.00. Tenant must take the entire building (34,440 SF).

  • 3rd Floor
  • 8,216 SF
  • Office
  • Full Build-Out
  • 30 Days

34,400 SF commercial building available for lease in downtown Norwich. Building is handicap accessible. Parking garage under building for 75 cars. Convenient to I-95 and I-395. Lease rebates available from the NCDC. Lease rate is $2.00 NNN. NNN is approximately $7.00. Tenant must take the entire building (34,440 SF).

Space Size Space Use Condition Available
1st Floor 17,224 SF Office Full Build-Out 30 Days
2nd Floor 9,000 SF Office Full Build-Out 30 Days
3rd Floor 8,216 SF Office Full Build-Out 30 Days

1st Floor

Size
17,224 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

2nd Floor

Size
9,000 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

3rd Floor

Size
8,216 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Floor

Size 17,224 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

34,400 SF commercial building available for lease in downtown Norwich. Building is handicap accessible. Parking garage under building for 75 cars. Convenient to I-95 and I-395. Lease rebates available from the NCDC. Lease rate is $2.00 NNN. NNN is approximately $7.00. Tenant must take the entire building (34,440 SF).

2nd Floor

Size 9,000 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

34,400 SF commercial building available for lease in downtown Norwich. Building is handicap accessible. Parking garage under building for 75 cars. Convenient to I-95 and I-395. Lease rebates available from the NCDC. Lease rate is $2.00 NNN. NNN is approximately $7.00. Tenant must take the entire building (34,440 SF).

3rd Floor

Size 8,216 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

34,400 SF commercial building available for lease in downtown Norwich. Building is handicap accessible. Parking garage under building for 75 cars. Convenient to I-95 and I-395. Lease rebates available from the NCDC. Lease rate is $2.00 NNN. NNN is approximately $7.00. Tenant must take the entire building (34,440 SF).

Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NORW-000102-000006-000062
Land Assessment
£166,192
Improvements Assessment
£1,172,501
Total Assessment
£1,338,694
  • Listing ID: 28160023

  • Date on Market: 06/04/2023

  • Last Updated:

  • Address: 101 Water St, Norwich, CT 06360

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