524 E Main St.

Norwich, CT 06360

Mixed Use Investment Property For Sale $340,000

Located on corner of Hamilton Ave. and East Main St, a very well maintained mixed use 5,728sf building with plenty of off-street parking.  Total 0.25 acre. Three 1 bedroom apts and one 3 bedroom apt. Former pizza house on 1st floor needing renovation. Dry storage on 1st floor. All units separately metered. Priced to sell as investment.  Zone MF Multi-Family Zone. Public Water/Sewer/ Elec heat. Taxes $7,800.  130’ road frontage on Hamilton Ave; and 187’ road frontage on East Main St.  Built 1890 and renovated 2008. For Sale $340,000. Priced to sell as investment, projected NOI @ $33,000.

 

Permitted Uses: Food service

 

By Special Permit:  Retail

 

Directions:  I-395 Exit 9. Continue on Rte 2. Turn left on Rte 12 about 3 miles. Turn right at light, staying on Rte 12, then right onto E Main St (aka Rte 12). On left , corner of Hamilton Ave.

Property Map

Property

Facts

Property Information

Sale:$340,000

Square Feet:5,728

Acres:0.25

Type:Apartment, Investment, Residential

Zone:MF - Multi-Family

Agent: Norm Peck

Contact Agent

Norm Peck

(860) 447-9570 ex 133

npeck@pequotcommercial.com