Retail (Building)

183-187 Franklin St

183-187 Franklin St, Norwich, CT 06360

Site Details

Address
183-187 Franklin St, Norwich, CT 06360
Coordinates
41.52765, -72.07324
Type
Retail (Building)
County
New London County

A downtown storefront on Franklin Street offers the site’s biggest advantage, delivering high visibility and direct access to the city’s main artery for steady foot and vehicle traffic. The mixed-use building sits in a designated Opportunity Zone and qualifies for tax incentives, making it attractive to investors seeking lower carrying costs and potential tax benefits. This space fits small retailers, convenience stores, pet shops, or mixed-use operators looking for an established downtown presence with quick access to CT-2 and I-395. The property is on the market with price negotiable and a local broker in place, ready for a buyer to move quickly.

Complex
Mixed-Use Complex
Complex Name
183-187 Franklin Street
City Limits
Yes
Municipality
Norwich

Building Size

Building Size
5,048 SF
Rentable Space
3,140 SF
Retail Space
1,020 SF

Building Details

Building Class
C
Building Status
Existing
Year Built
1895
Construction
Wood
Number of Buildings
1
Building Height
33 FT
Floors
3
Elevators
No
Restrooms
3
Sprinklers
No
Security System
No
Lighting
LED
LEED Level
None
Air Conditioning
No
Heating
Yes
Parking Spaces
0
Parking Ratio
0 :1000
Vacant
Yes
Occupancy Type
Multi-Tenant
Owner Occupied
No

Land and Utilities

Land (Acres)
0.10 Acres
Land (SF)
5,048 SF SF
Lot Frontage
54 FT FT
Lot Depth
80 FT
Subdividable
No
Zoning
Mixed-Use
Zoning Code
CC
On-Site Expansion
No
Electricity
Yes
Electricity Provider
Norwich Public Utilities
Gas
No
Water
Yes
Water Provider
Norwich Public Utilities
Wastewater
Yes
Wastewater Provider
Norwich Public Utilities
Telecommunications
Yes
Telecommunications Provider
A cell tower affiliated with New Cingular Wireless PCS, LLC is located 11.87 miles away. It features a support structure height of 76.5 feet and an overall height of 81.3 feet. The structure type is designated as LTOWER.
Easements
No
Yard
Yes
Fenced
Yes
Body of Water
No

Incentives and Abatements

Incentive Zone
Yes
Tax Incentives
Yes
Abatements
No

Roads

Property Access
Yes
Road Constraints
Yes
Name Type Distance
CT 2 Highway 2.5 miles
I 395 Interstate Highway 3.4 miles

Airports

Name Code Distance
Theodore Francis Green State International Airport 48.9 miles
Bradley Intl International Airport 53.7 miles

Taxes

Assessed Value - Land
$ 48,900
Assessed Value - Improvements
$ 115,700
Total Assessed Value
$ 164,600
Property Tax Rate
4.19 %
Property Tax
$ $4,401
Tax Year
2023
Special Assessments
No
Transfer Tax
No

Acquisition

Status
Sale
Sale Price
$ 249,900
Real Estate Representative
Yes