Norwich, CT 06360,58 Yantic Flats Road

$350,000

$385,000

9.1%
Est.Price: ?

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Est. payment /mo

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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Listed by Tim J. Bray • Seaport Real Estate Services
Bought with Edward Talarski • East Coast Real Est Assoc. LLC

GET MORE INFORMATION

Osi Rosenberg

Broker | REB.0791464

+1(203) 738-5999

2051 Main St, Stratford, CT, 06615

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