For Sale
$270,000

108 Sachem StNorwich, CT 06360

Prime Norwich location, 2,000 sq ft office building.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional commercial property, located at 108 Sachem St, Norwich, CT 06360, presents a unique owner-user investment opportunity. The 2,000 square foot building, situated on a 0.53-acre lot, boasts 1,800 square feet of net rentable space and is currently 100% occupied, with the lease expiring May 1, 2024. Built in 1950, this two-story Class C building is zoned for commercial use and features a newer roof (replaced within the last 10 years), a newer hot water heater, a newer air conditioning condenser, newer windows, updated siding, a newer handicap-accessible ramp, and security cameras. The property also benefits from a paved driveway providing ample off-street parking, a well-maintained lawn, and a visible sign with electrical hookup. The interior features hardwood floors on the main level and carpeted floors on the lower level, along with a front entry area and numerous offices on both floors. Multiple egress points offer flexibility for various business configurations. Its prime location near downtown Norwich, NFA, Hartford Healthcare, and numerous other businesses ensures high visibility and walk-in traffic. The asking price is $270,000, translating to $135 per square foot. This versatile property is ideal for a wide range of businesses, including hair salons, nail studios, tattoo studios, therapy practices, healthcare offices, law offices, and accounting firms.

Highlights

  • $270,000 asking price for this 2,000 sq ft office building.
  • Located at 108 Sachem St, Norwich, CT 06360, on a 0.53-acre lot.
  • 100% occupied, with occupancy date of May 1, 2024.
  • Features include a newer roof, hot water heater, AC condenser, handicap ramp, windows, siding, and security cameras.
  • The 1950-built, two-story building offers 1,800 sq ft of net rentable space, priced at $135/sq ft.
  • Zoned commercial, suitable for various uses including medical, creative, and traditional office spaces.

Property Details for 108 Sachem St

Property type
Office properties, Medical offices
Square Feet
2,000 SF
Class
C
Year Built
1950
Buildings
1
Stories
2
Lot Size (sq. ft)
23,087 SF

Location Insight

City
Norwich
County
New London
State
Connecticut
Latitude
41.5354111
Longitude
-72.0881656
108 Sachem St, Norwich, Connecticut

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108 Sachem St
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