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Olde Tymes Restaurant 336 W Main St

6,000 SF Retail Building Norwich, CT 06360 £1,075,977 (£179.33/SF)

INVESTMENT HIGHLIGHTS

  • Landmark Restaurant in business for 39years.
  • Great opportunity for redevelopment.

EXECUTIVE SUMMARY

***Business Value Included in list price*** Landmark restaurant created by connecting 2 houses in 1983. Owner retiring. Land is suitable for office or retail development with 400 feet of frontage on the main 4 lane street of the city of Norwich, 200 hundred feet deep on west end next to traffic signal and 118 feet on east. Daily traffic is approximately 18,000 per day. In a good area that is experiencing renewed growth. New 100+ unit apartment development finished 1/2 mile from this site. Suitable for continued use as restaurant with additional buildings possible or do a complete tear-down and rebuild. Harbor Freight, Dollar General, Concentra Health Center, CVS, Walgreens, and additional retail stores are all located directly across the street. Potential for mixed-use with commercial first floor and residential units above.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,000 SF
Building Class
C
Year Built
1948
Price
£1,075,977
Price Per SF
£179.33
Tenancy
Single
Number of Floors
2
Building FAR
0.10
Lot Size
1.40 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
GC - General Commercial
Parking
60 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
400 ft on W Main St

AMENITIES

  • Bus Route
  • Pylon Sign
  • Air Conditioning
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Walk Score®
Very Walkable (73)
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.®
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NEARBY MAJOR RETAILERS

ShopRite
Rent-A-Center
Bank of America
CrossFit
Five Guys
Ninety Nine Restaurant & Pub

PROPERTY TAXES

Parcel Number NORW-000109-000001-000013 Improvements Assessment £247,436
Land Assessment £132,820 Total Assessment £380,256

PROPERTY TAXES

Parcel Number
NORW-000109-000001-000013
Land Assessment
£132,820
Improvements Assessment
£247,436
Total Assessment
£380,256
(860) 887-6865

CONTACT

  • Listing ID: 29155176

  • Date on Market: 01/08/2023

  • Last Updated:

  • Address: 336 W Main St, Norwich, CT 06360

The Northeast New London/Norwich Retail Property at 336 W Main St, Norwich, CT 06360 is currently available. Contact Old Tymes for more information.

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Olde Tymes Restaurant | 336 W Main St
(860) 887-6865 x

Olde Tymes Restaurant | 336 W Main St

Rodney Green

(860) 887-6865

(860) 887-6865

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