Retail (Building)

327 Central Ave

327 Central Ave, Norwich, CT 06360

Site Details

Address
327 Central Ave, Norwich, CT 06360
Coordinates
41.53690, -72.05431
Type
Retail (Building)

Rare mixed-use storefront in downtown Norwich that combines street-level retail presence with flexible live/work or office possibilities and comes with local tax abatements and federal incentive zones. The two-story frame building dates to 1850, offering character and a clear repositioning opportunity for a retailer, restaurant, cannabis dispensary, co-working operator, or showroom seeking a visible, walkable address. The site sits minutes from I-395 and easy to reach from I-95, positioning it for local customers and regional connections. Listed off-market as a redevelopment project with deferred maintenance, it’s a fit for owners or investors ready to renovate quickly and use available incentives to lower upfront costs.

Complex
Retail Park
City Limits
Yes
Municipality
Norwich
ETJ
No

Building Size

Building Size
3,096 SF
Rentable Space
2,875 SF
Office Space
1807.7 SF
Retail Space
2,875 SF
Industrial Space
1807.7 SF
Industrial Shell
1807.7 SF

Building Details

Building Class
C
Building Status
Existing
Year Built
1850
Construction
Frame
Number of Buildings
1.0
Building Height
20 FT
Floors
2
Elevators
No
Restrooms
1
Sprinklers
No
Security System
No
Air Conditioning
No
Heating
Yes
Parking Spaces
8
Parking Ratio
2.58 :1000
Vacant
No
Occupancy Type
Multi-Tenant
Owner Occupied
Yes
Percent Occupied
66.67 %

Land and Utilities

Land (Acres)
0.12 Acres
Land (SF)
5227.2 SF
Lot Frontage
67.0 FT
Lot Depth
27.0 FT
Subdividable
Unknown
Zoning
Mixed-Use
Zoning Code
MF
On-Site Expansion
No
Electricity
No
Gas
Natural Gas
Water
Yes
Wastewater
Yes
Telecommunications
No
Easements
No
Yard
No
Fenced
No
Body of Water
No

Incentives and Abatements

Incentive Zone
Yes
Tax Incentives
Yes
Abatements
Yes

Roads

Property Access
Yes
Road Constraints
No
Name Type Distance
CT 2 Highway 3.1 miles
CT 2A Highway 4.4 miles
I 395 Interstate Highway 4.4 miles
I 95 Interstate Highway 13.9 miles
I 84 Interstate Highway 34.6 miles

Airports

Name Code Distance
Windham General Aviation Airport 19.6 miles
Westerly State General Aviation Airport 23.8 miles
Salmon River Airfield General Aviation Airport 25.9 miles

Taxes

Assessed Value - Land
$ 18,200
Assessed Value - Improvements
$ 50,200
Total Assessed Value
$ 68,400
Property Tax Rate
3.325 %
Tax Year
2019
Special Assessments
No
Transfer Tax
Yes

Acquisition

Status
Off Market
Sale Price
$ 299,900
Seller Financing
No
Real Estate Representative
Yes