For Sale
$1,500,000

101 Water StNorwich, CT 06360

Prime CT Location, 34,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional three-story, 34,000 square foot shopping center presents a unique investment opportunity in the heart of Norwich, Connecticut. Located at 101 Water Street, this property boasts stunning Thames River views and sits within a thriving business district. Built in 1986, the building offers a blend of finished and unfinished spaces, providing flexibility for a variety of uses. A significant feature is the approximately 4,000 square foot former bank vault on the first floor, offering secure storage or unique adaptable space. The building is fully ADA accessible, featuring an elevator servicing all three floors from the attached garage. The property is zoned as an Opportunity Zone, offering potential tax advantages for qualified investors. This multi-tenant building presents a substantial opportunity for redevelopment or continued operation as a retail or office space. Its prime location and versatile layout make it an attractive investment prospect in a desirable Connecticut market. The building's substantial size and existing infrastructure provide a solid foundation for a variety of commercial ventures. The 34,000 square feet of net rentable space offers ample room for expansion or subdivision to accommodate multiple tenants. This property is currently available for immediate use.

Highlights

  • $1,500,000 asking price.
  • 34,000 square foot, three-story shopping center.
  • Located in downtown Norwich, CT, at 101 Water St, 06360.
  • Multi-tenant property with a mix of office and retail space.
  • Built in 1986, situated in an Opportunity Zone.

Property Details for 101 Water St

Property type
Lifestyle centers, Power centers
Square Feet
34,000 SF
Year Built
1986
Stories
3

Location Insight

City
Norwich
County
New London
State
Connecticut
Latitude
41.5236069
Longitude
-72.078249
101 Water St, Norwich, Connecticut

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101 Water St
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