57 Lafayette StNorwich, CT 06360

Property Details for 57 Lafayette St

Year built

1967

Construction

FRAME

Lot size

0.32 AC

Property size (Sq ft)

3,168 SF

Zone code

NC

Property type

Showrooms

APN

NORW M:84 B:1 L:77

APU

NORWM84B1L77

Description

This exceptional Norwich, CT commercial property, located at 57 Lafayette Street, offers two available office suites totaling 3,168 square feet. Situated on a 0.32-acre lot, this single-story, Class B building boasts 31 parking spaces, a significant advantage in a high-demand area. Built in 1967, the property is zoned NC Commercial, allowing for diverse uses including office, retail, restaurant, clinic, club, and museum. Each of the two suites measures approximately 1,500 square feet and is available for lease at $1,562.50 per month NNN. The property's convenient location offers easy access to I-395 and is in close proximity to Backus Hospital, a major plus for medical-related businesses. A nearby bus stop enhances accessibility. The entire building is also available for sale "as is." This presents a unique opportunity for businesses seeking a well-located, versatile space in a thriving Connecticut community. The property features ample parking and is ideally suited for a variety of commercial uses. Don't miss this chance to secure a prime location in Norwich.

• CAP approach

  CAP return

  Valuation

  6%

  $769,935

  6.5%

  $710,709

  7%

  $659,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,043,106

  Geo Method

  $1,043,106

• Alternative Use

  Use

  Valuation

  Residential

  $599,510

  Hospitality

  $549,148

  Educational

  $456,884

  Medical

  $472,597

  Retail

  $710,709

Location Insight

City

Norwich

County

New London

State

Connecticut

Latitude

41.5376

Longitude

-72.0897

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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.

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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].