$350,000
$385,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
7,653 SqFt
SOLD DATE : 01/22/2024
Key Details
Sold Price $350,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,653 sqft
Price per Sqft $45
MLS Listing ID 170595258
Sold Date 01/22/24
Year Built 1960
Annual Tax Amount $17,418
Lot Size 0.460 Acres
Property Description
Owner/User Opportunity. Seller willing to hold paper. On the first floor, spanning 3,201 sq. ft., is an open area of 1,519 sq. ft. accentuated with 10 ft ceilings, surrounded by adaptable rooms and office spaces. Upstairs, you'll find a permitted 1-bedroom apartment. This residential space comes complete with a functional kitchen, a cozy living room, a sun-kissed sunroom, and additional storage areas. Paying $600/month. Further complementing the property's appeal is the 1,500 sq. ft. industrial garage. This space boasts a 16 ft ceiling, ample storage overhead, and large doors that welcome a variety of vehicles, from trucks to buses. An entity currently leases this expansive garage, with a monthly rent of $1,500, further augmenting the property's revenue stream. The forced air heating system is powered by natural gas to the comprehensive air conditioning. A city water supply and a septic system handle utilities, but there’s potential for a city sewer hookup nearby. Its past as the domicile of Camaro Signs underscores its commercial adaptability. Moreover, the property's proximity to major roads, just a minute from the interstate, ensures seamless accessibility. For the tax year of July 2023 to June 2024, the property has been assessed at a total value of $416,200. In essence, this commercial property in Norwich is not just a purchase; it's an investment ripe with potential, combining residential and commercial prospects in a flourishing hub.
Location
State CT
County New London
Zoning GC
Interior
Interior Features Living Space Available, Loading - Grade, Security System
Heating Gas on Gas
Cooling Split System
Exterior
Exterior Feature Awnings, Doors - 10-15 ft, Outside Storage Area, Roof Sign, Storage Building
Garage Covered Garage, Parking Lot, Unassigned Parking
Utilities Available Electric, Gas, Cable
Roof Type Asphalt Shingle
Building
Lot Description Dry, Level Lot
Story 2
Foundation Concrete
Sewer Public Sewer In Street, Septic
Water Public Water Connected
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Bought with Edward Talarski • East Coast Real Est Assoc. LLC
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Broker | REB.0791464