Retail (Building)

New Site 3

4 Willow Street, Norwich, CT 06360

Site Details

Address
4 Willow Street, Norwich, CT 06360
Coordinates
41.52709, -72.07481
Type
Retail (Building)

Located in Norwich city limits and zoned commercial, New Site 3 stands out for its Opportunity Zone tax incentives that lower carrying costs and speed project returns. The existing masonry building provides a flexible, ready-to-adapt footprint in a walkable area with easy access to I-395 and CT-2, putting regional markets and supply routes within quick reach. This space fits auto repair, auto dealer, showroom, or other service-oriented retail that needs solid street presence and garage-style flexibility. Coming soon and listed with Renee Cooper, the property is positioned for a buyer who wants a fast acquisition with local tax advantages and strong highway connectivity.

City Limits
Yes
Municipality
Norwich

Building Size

Building Size
5,374 SF
Rentable Space
5,374 SF
Retail Space
5,374 SF
Industrial Space
5,374 SF

Building Details

Building Class
C
Building Status
Existing
Year Built
1910
Construction
Masonry
Number of Buildings
1.0
Floors
2
Restrooms
1
Heating
Yes
Parking Spaces
25
Parking Ratio
4.65 :1000
Vacant
No
Occupancy Type
Multi-Tenant
Owner Occupied
Yes
Percent Occupied
100.0 %

Land and Utilities

Land (Acres)
0.32 Acres
Land (SF)
13939.0 SF
Lot Frontage
42.0 FT
Lot Depth
108.6 FT
Zoning
Commercial
Zoning Code
CC
Electricity
Yes
Water
Yes
Wastewater
Yes
Telecommunications
Yes
Telecommunications Provider
AT&T
Fenced
Yes

Incentives and Abatements

Incentive Zone
Yes
Tax Incentives
Yes

Roads

Property Access
Yes
Name Type Distance
CT 2 Highway 2.4 miles
CT 2A Highway 4.2 miles
I 395 Interstate Highway 2.8 miles
I 95 Interstate Highway 12.8 miles
I 84 Interstate Highway 35.6 miles

Airports

Name Code Distance
Windham General Aviation Airport 20.0 miles
Westerly State General Aviation Airport 22.4 miles
Elizabeth Field General Aviation Airport 22.7 miles

Taxes

Assessed Value - Land
$ 49,100
Assessed Value - Improvements
$ 68,100
Total Assessed Value
$ 117,200
Property Tax
$ 4,477
Tax Year
2024
Transfer Tax
Yes

Acquisition

Status
Coming Soon
Sale Price
$ 274,999
Sale Price
$ 51.17 /SF
Sale Price
$ 859371.88 /Acre
Real Estate Representative
Yes