485 Main StNorwich, CT 06360

This exceptional investment opportunity presents a 5,643 square foot industrial property located at 485 E Main St, Norwich, CT 06360. The property, built in 1880, sits on a 0.2-acre lot and features one building with five units, currently operating at 100% occupancy. The flexible manufacturing, warehouse, and flex zoning (MF) allows for diverse uses. The building boasts a 12-foot ceiling height, though it lacks loading docks or dock-high doors. All five tenants are on month-to-month leases, presenting an opportunity for below-market rent increases or owner-occupancy. The 6.53% cap rate makes this a strong investment prospect in the growing Norwich market. This owner/user investment is priced at $349,900. The property's prime location in New London County offers significant growth potential for businesses seeking expansion or investors looking for a solid return. The current use is storage, with five separate tenant spaces. This presents a unique opportunity for a single-tenant user or an investor seeking a multi-tenant income stream.