About This Home
This 0-bedroom, 1-bathroom commercial at 231 Salem Turnpike in Norwich, CT is listed for $1,250,000 ($538 per sqft). Built in 1850, the home offers 2,324 sqft of living space on a 4.04 acres lot.
Key Features
- Built in 1850
- 4.04 acre lot
Property Details
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.
Monthly Cost Estimate
$6,685/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
231 Salem Turnpike
Norwich, CT 06360
Questions & Answers
This 0-bedroom, 1-bathroom commercial at 231 Salem Turnpike is listed at $1,250,000 ($538/sqft). The estimated monthly payment is $6,686 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1850, 4.04 acre lot.
This property is listed by Carmen Desiato and can be reached at 2035459966.