97-105 Main St - Office FOR SALE


Norwich, CT 06360- Northeast New London/Norwich
$1,000,000 USD
860-638-9748
97-105 Main St, Norwich, CT for Sale
$1,000,000 USD
Office - FOR SALE
1/35
null | 7.95% Cap Rate


HIGHLIGHTS

  • High Traffic Counts and Visibility
  • Prime Downtown Location
  • Easy to Manage | Larger Tenant Area
  • Upside Rent Potential
  • Well Maintained | Professional Building
  • Historic Rockwell Building - https://historicbuildingsct.com/rockwell-building-norwich-1860/

OVERVIEW

Investors, Developers or Owner Occupied - take note: The Haymarket Building is a beautiful, professional office building in downtown Norwich with street level storefronts. Currently home of the popular La Stella Pizzeria, Legal Offices, and State of CT Judicial Offices. This Historic building was originally known as the Rockwell Building, which is a distinctive flatiron-type structure, with storefronts facing Main and Market streets in downtown Norwich. It was built around 1860 in the impressive Romanesque Revival style. Recently renovated with updated electrical, mechanicals and interiors. Currently offered at a 6.9% Cap Rate with excellent upside potential. Or owner occupied opportunity on the 3rd floor. Possible conversion to mixed use with up to 7,000 SF of residential apartment conversion. Low maintenance and some longer term leases make this historic building an attractive opportunity for investors. Water views from nearly every part of the building, high vehicle and foot traffic, easy access to major routes and highways, ADA compliant, elevator to each floor, on street parking with nearby access to parking garage.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

7.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Haymarket (Rockwell) Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1860

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

CC

APN/PARCEL ID

NORW-000102-000006-000017

ASK ABOUT THIS PROPERTY

Sandy StricklingSky Realty GroupMore Info
860-638-9748

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Sandy StricklingSky Realty GroupMore Info
860-638-9748

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