For Lease
$264/SF/YR

575 Norwich Ave Norwich, CT 06380

5,000 sq ft, renovated, prime location.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 5,000-square-foot free-standing building, completely renovated in 2024, presents a unique opportunity for a restaurant in Taftville, Connecticut. Situated directly across from the Ponemah Mills Complex, this two-story property benefits from its central location within a thriving redevelopment project. The Ponemah Mills redevelopment includes over 600 new apartments (Phases 1 & 2 completed or under construction), creating a substantial built-in customer base. The building's historical charm has been meticulously preserved during its recent renovation, offering a blend of character and modern amenities. Its convenient location, less than half a mile from I-395 and under five miles from downtown Norwich, ensures excellent accessibility. Furthermore, its proximity to the major casinos, Foxwoods and Mohegan Sun, and the expanding Electric Boat facility in Groton, contributes to a robust and growing regional economy, fueling increased demand for housing and local amenities. The property is part of the New London metropolitan area, known for its cultural attractions, top-rated beaches, and diverse residential and commercial zones. Flexible lease options and competitive rates are available to support new businesses. This is an unparalleled opportunity to establish a thriving restaurant in a dynamic and rapidly developing community.

Highlights

  • Prime Ponemah Mills location, directly across from the complex.
  • 5,000 SF free-standing, two-story building, historically renovated, ideal for restaurants.
  • Part of a revitalized area with 600+ apartments within walking distance, creating a strong customer base.
  • Convenient to I-395, downtown Norwich, Foxwoods, and Mohegan Sun casinos.
  • Near Electric Boat, a major employer driving regional economic growth and increased housing demand.
  • Located in the New London metro area, offering cultural attractions and top-rated beaches.

Property Details for 575 Norwich Ave

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
5,000 SF
Year Built/Renovated
1900/2024
Buildings
1
Stories
2

Unit(s) available at that property

Space
Size
5,000 SF
Rate per SF
$264

Location Insight

City
Norwich
County
New London
State
Connecticut
Latitude
41.5680046
Longitude
-72.0472232

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FAQs

What type of property is this?
Retail property - 5,000 sq ft, renovated, prime location.
Where is the retail property located?
The property is located at 575 Norwich Ave Norwich, CT.
What is the lease rate?
The lease rate is $264/SF/YR.
What are key features of this property?
This property features: Prime Ponemah Mills location, directly across from the complex.; 5,000 SF free-standing, two-story building, historically renovated, ideal for restaurants.; Part of a revitalized area with 600+ apartments within walking distance, creating a strong customer base.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Alban Dedvukaj
Alban Dedvukaj
Visit Broker Website

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Norwich Ave
Norwich, CT 06380

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Norwich Ave
Norwich, CT 06380

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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575 Norwich Ave
  • Alban Dedvukaj
    Alban Dedvukaj
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