327 Laurel Hill Ave., Norwich, CT

Multi-Use for Sale - $495,000 - 9,272 Sq. Ft. on 0.7 acres


Agent Info

Ron Bates
Signature Properties of New England

Property Info

CIMLS#1169576
Location
  327 Laurel Hill Ave.
  Norwich CT 06360
UpdatedDecember 20th, 2024
TypeMulti-Use
Price$495,000
Building9,272 Sq. Ft.
Land0.7 acres

Property Description

For Sale, a two story 9,272 square foot masonry and brick building that was at one time a school, and most recently a restaurant. Handicap access, plenty of paved parking. There appears to be approximately 44 parking spaces. Located in an NC (Neighborhood Commercial) Zone, there are several uses that are possible including a restaurant with bar, hotel, apartments, mixed use, offices, to name some. Only 10 miles to the Navy Sub Base and 13.6 miles to Electric Boat. It is in an Enterprise Zone offering some good tax benefits. Property is being purchased in "as is" condition. The seller will make no additional repairs or upgrades. Buyer is to do their own due diligence regarding condition of this property. Subject to Probate Court Approval.

PERMITTED: Restaurant w/ bar, Hotel, Apartments, Mixed Use, Office...

DIRECTIONS:

I-395 Exit 11. Go east on Route 82 to end. (See bldg. straight ahead). Turn right on Chelsea Harbor Dr. (one way). At second traffic light, turn left on Main St. (one way). On left corner.


Financials



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