295 Otrobando AveNorwich, CT 06360
- Land
- 1.40 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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