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97-105 Main, Norwich, CT 06360
   
97-105 Main, Norwich, CT 06360
INVEST,OFFICE,RETAIL | Office/Retail | 13,942 Sqft

$1,000,000
25 Days on Market - Active


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.

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Details
  • 7 Units
  • 0.09 Acres
  • Built in 1860

Sqft
  • 13942 Total Sqft

Parking
  • 0 Total Spaces

Location
  • Corner Lot
  • STRD

Business

    Financials
      - No Data -

    Utilities
    • Hot Air
    • Natural Gas
    • Public Water
    • Public Sewers

    Taxes
    • $646,000 Assessment
    • 48.64 Mill Rate
    • $31,421 Taxes

    Source
    • CT Smart MLS
    • MLS ID 24002183

    Real Estate Agent


    Map of 97-105 Main, Norwich, CT 06360

    Directions to 97-105 Main, Norwich, CT 06360


    Mortgage Calculator
    Loan Type: 30yr Fixed   |   Interest Rate: 7.17%   |   Purchase: $1,000,000   |   Downpayment @ 20.00%: $200,000

    Mortgage Payment Estimate
    for a 30yr Fixed Rate Loan

    Monthly
    $8,032


    Monthly Cost Estimate: $8,032
    • Mortgage: $5,414
    • Taxes: $2,618
    • Insurance: $0
    • HOA: $0
    • Utilities: $0

    Yearly Cost Estimate: $96,390
    • Mortgage: $64,969
    • Taxes: $31,421
    • Insurance: $0
    • HOA: $0
    • Utilities: $0

    30yr Cost Estimate: $3,091,695
    • Mortgage: $1,949,065
    • Taxes: $942,630
    • Insurance: $0
    • HOA: $0
    • Utilities: $0
    • Downpayment: $200,000

    Go To Mortgage Calculator


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    This real estate listing for sale at 97-105 Main is presently used as with 13942 total sqft and was built in 1860. It is located in the Norwich, CT area with the 06360 zip code. For more info about the property at 97-105 Main, Norwich, CT 06360 or if you would like to schedule a showing, please contact the listing agent above.

    Data sourced from CT SMART MLS and was last updated January 01, 1970. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.