commercial
231 Salem Turnpike
Norwich, Connecticut 6360
Price
$1,250,000
Price/SF
$537.87/SF
Building Size
2,324 SF
Lot Size
4.04 acres
Year Built
1850
Property Description
Rare 4.0-acre commercial development assemblage on one of Norwich's primary retail corridors - two adjoining parcels combined into a single contiguous, corridor-fronting site zoned Regional Commercial (RC), the City's district for moderate-to-large-scale business serving city-wide and regional needs. Set at a signalized Route 82 interchange with direct highway access (est. ~20,000 vehicles/day) and positioned across from a Walmart Supercenter. Minutes from national grocery, fitness, lodging and hospital anchors, a proven big-box and daily-needs node. Combined frontage supports a new curb cut set well back from the traffic signal, and the site offers manageable topography suited to a single-tenant pad or multi-tenant layout. RC zoning permits a broad range of uses: retail, restaurants, hotels, offices, clinics and entertainment, with self-storage and fuel/convenience by Special Permit. Full merger of the parcels is contingent on the City's discontinuance of a short dead-end road segment, viewed favorably by municipal economic-development staff as sound planning. Trade-area demographics: ZIP median household income $65,539 / average $86,411; Southeastern CT regional median $86,586 / average $111,769. More information available on request. Buyer to verify zoning, permitted uses, utilities, traffic counts and all approvals.
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Additional Details
Zoning
PC, Planned Commercial
MLS Number
24194921
Property ID
d6f7ef03-cf4d-42a6-b066-6c09b7eb87d1
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MLS Information
MLS#: 24194921
Listed by: Serhant Connecticut, LLC
Agent: Carmen Desiato • (203) 545-9966 • carmen@serhant.com
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