309 Otrobando AveNorwich, CT 06360

Property Details for 309 Otrobando Ave

Lot size

4.01 AC

Zone code

GC

Property type

Other commercial real estate

APN

NORW M:58 B:2 L:64

APU

NORWM58B2L64

Description

This exceptional Norwich, Connecticut commercial property, located at 309 Otrobando Avenue, presents a unique investment opportunity. The 3,000 square foot shopping center, situated on a 3.2-acre lot, boasts a diverse range of features ideal for a variety of uses. Originally built in 1895 and extensively renovated in 2012, the two-story main building offers ample space, complemented by a 1,500 square foot post and beam barn annex. The property includes a 3,000 square foot heated commercial glass greenhouse, providing additional versatile space. The main building features a new roof and HVAC systems. The property also includes a 300 square foot garden house. With 35 parking spaces and convenient access to Routes 2 & 32, and close proximity to I-395 (exit 27), this location offers excellent visibility and accessibility. Currently vacant, this property is zoned for general commercial use, presenting significant potential for owner-occupancy with additional rental income possibilities. The asking price is $995,000, translating to $331.67 per square foot. This is a rare opportunity to acquire a versatile and well-maintained commercial property in a desirable location.

• Alternative Use

  Use

  Valuation

  Residential

  $33,055,532

  Hospitality

  $30,278,688

  Educational

  $25,191,514

  Medical

  $26,057,888

  Retail

  $39,186,800

Location Insight

City

Norwich

County

New London

State

Connecticut

Latitude

41.5567

Longitude

-72.1175

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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