327 Laurel Hill Ave | Norwich, CT 06360
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327 Laurel Hill Ave
Norwich, CT 06360
Retail Property For Sale
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. It is in an Enterprise Zone 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. Subject to Probate Court Approval.
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 left on Main St. (one way). On left corner.
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 left on Main St. (one way). On left corner.
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
£392,079
Price Per SF
£42
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
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.
Parking
44 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | NORW-000118-000002-000018 | Improvements Assessment | £116,832 |
| Land Assessment | £36,673 | Total Assessment | £153,505 |
PROPERTY TAXES
Parcel Number
NORW-000118-000002-000018
Land Assessment
£36,673
Improvements Assessment
£116,832
Total Assessment
£153,505
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