295 Otrobando AveNorwich, CT 06360

  • Land
  • 1.40 AC
For Sale

Property Details for 295 Otrobando Ave

Lot size
1.40 AC
Zone code
GC
Property type
Land
Property subtype
Commercial land
APN
NORW M:58 B:2 L:63
APU
NORWM58B2L63

Description

This exceptional 1.4-acre commercial land parcel presents a unique investment opportunity in Norwich, Connecticut. Located at 295 Otrobando Avenue, this property boasts a highly desirable General Commercial zoning designation, offering flexibility for a wide range of development possibilities. Its strategic location provides excellent visibility from Routes 2 and 32, ensuring high traffic exposure for any business. The site's convenient access to major roadways, including Routes 2, 32, and I-395, offers unparalleled connectivity for employees and customers. Adding to its appeal, the property is situated adjacent to a Comfort Suites Hotel, providing potential synergy and increased foot traffic. Furthermore, its proximity to Backus Hospital (part of Hartford Hospital), located just 1.5 miles away, makes it an attractive location for medical-related businesses or those catering to hospital staff and patients. This exceptional parcel is ready for development and presents a compelling opportunity for businesses seeking a high-visibility location with convenient access to major transportation arteries and essential amenities in a thriving Connecticut community. The property is situated in New London County, Connecticut, with a zip code of 06360.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,540,558
    Hospitality
    $10,571,089
    Educational
    $8,795,022
    Medical
    $9,097,496
    Retail
    $13,681,145
295 Otrobando Ave, Norwich, Connecticut

Location Insight

City
Norwich
County
New London
State
Connecticut
Latitude
41.5557
Longitude
-72.1167
CBSA code
35980
CBSA name
NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,265
$101,900
-
$101,900
-
-
-
-

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