257 Main St - Office FOR SALE


Norwich, CT 06360- Northeast New London/Norwich
$900,000 USD
203-343-8426
257 Main St, Norwich, CT for Sale
$900,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate


HIGHLIGHTS

  • Redevelopment - Ideally Suited for Mixed-use Conversion
  • 30,179 SF 5-Story Office Building for Sale
  • Located in Downtown Norwich Directly Adjacent to the historic Otis Library
  • Surrounded by Restaurants, Coffee Shops, Professional Offices, Retail Establishments & Civic Amenities
  • Regional Appeal & Proximity to Mohegan Sun, Foxwoods Casino, Electric Boat & Hartford Healthcare
  • Access to Highways Route 2 / 32 and I-395

OVERVIEW

Downtown Norwich Redevelopment Opportunity | Mixed-Use Residential Conversion Potential Unlock the potential of one of Downtown Norwich's landmark commercial properties. Located at 257 Main Street, this 30,179 SF, five-story office building presents an exceptional opportunity for developers and investors seeking a transformative adaptive reuse project. Ideally suited for a mixed-use redevelopment, the property offers the potential to convert the upper floors into residential apartments or condominiums while activating the street level with retail, restaurant, or service-oriented commercial space. Its prominent downtown location supports a walkable live-work-play environment and positions the asset to capitalize on the continued revitalization of Norwich's urban core. The building is surrounded by restaurants, coffee shops, professional offices, retail establishments, and civic amenities, and sits directly adjacent to the historic Otis Library, creating an attractive setting for future residents and businesses alike. The property's regional appeal is further strengthened by its proximity to several of Southeastern Connecticut's largest employment and tourism drivers, including Mohegan Sun, Foxwoods Resort Casino, Electric Boat, and Hartford HealthCare, providing a strong foundation for residential demand and long-term investment. Whether envisioned as apartments with ground-floor retail, a boutique hospitality concept, or another creative mixed-use redevelopment, 257 Main Street represents a rare opportunity to reposition a substantial downtown asset in one of Connecticut's historic city centers.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$30 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Bank, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

CC

APN/PARCEL ID

NORW-000102-000006-000030

ASK ABOUT THIS PROPERTY

Sam CramptonO, R & L CommercialMore Info
203-343-8426

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Sam CramptonO, R & L CommercialMore Info
203-343-8426

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.