531-535 WEST MAIN STREET Norwich CT 06360

595 West Main Street offers an excellent opportunity to acquire a clean, well-maintained commercial building on one of Norwich’s busiest corridors. The property contains ±6,282 SF per the assessor on a 0.65-acre GC-zoned parcel with ample on-site parking, strong visibility, and a pylon sign directly on West Main Street (18,700 AADT).

The building is fully occupied by two stable tenants who maintain their spaces extremely well, providing reliable cash flow while also preserving future flexibility for an owner-user.

At the asking price of $733,000, the property reflects an 8% capitalization rate based on current in-place income. While modest from a pure investment standpoint, the asset’s upside lies in the shorter front-unit lease — offering the ability to re-lease at higher market rents or transition the space for owner occupancy. The GC zone supports a wide range of commercial uses.

• New roof (2024)

• Two newer A/C units; central A/C via gas

• Phase II Environmental Report completed

• Both units on separate water, electric, and gas

• On-site parking; no basement (slab construction)

• GC zoning – highly flexible commercial district

• High visibility with pylon sign

• 18,700 AADT along West Main Street

• Very busy, high-demand trade area near retail, services, and residential neighborhoods

3,786 SF Commercial Building in GC Zone on .76 acre, 250 feet of road frontage and a 17,100-traffic count. Built in 1999. Former Car Wash. Being sold with deed restriction not allowing future car washes

3,786 SF

Acres: 0.76

Public Water & Sewer

Frontage: 250 Ft.

Zone: GC

Taxes: $13,699

Traffic Count: 17,100

Year Built:1999

Former Car Wash. Being sold with deed restriction not allowing future car washes