267 Otrobando AveNorwich, CT 06360

Property Details for 267 Otrobando Ave

Year built

1986

Construction

STEEL FRAME

Lot size

1.60 AC

Property size (Sq ft)

9,882 SF

Zone code

GC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NORW M:58 B:2 L:61

APU

NORWM58B2L61

Description

This 10,000 square foot, Class C auto shop in Norwich, Connecticut is available for sale at $1,500,000 ($150/sq ft). Located at 267 Otrobando Ave, 06360, this single-tenant property sits on a 1.6-acre lot and offers a prime location just off Routes 2 & 32 at Exit 27, within one mile of the I-395 interchange. Built in 1985 and renovated in 2010, the two-story building features four bays, a loading dock, ample office space, and a showroom, making it ideal for a variety of automotive businesses. The property boasts 50 parking spaces, including designated areas for trailer storage, and an above-ground fuel island. The permitted zoning is GC. This fully equipped truck and tractor trailer repair facility is ready for immediate occupancy. The property is currently vacant. This represents a significant opportunity for an investor or business owner seeking a well-established and strategically located auto repair facility.

• CAP approach

  CAP return

  Valuation

  6%

  $2,401,671

  6.5%

  $2,216,927

  7%

  $2,058,575

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,253,779

  Geo Method

  $3,253,779

• Alternative Use

  Use

  Valuation

  Residential

  $1,870,061

  Hospitality

  $1,712,966

  Educational

  $1,425,167

  Medical

  $1,474,181

  Retail

  $2,216,927

Location Insight

City

Norwich

County

New London

State

Connecticut

Latitude

41.5537

Longitude

-72.1158

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].