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Investment Highlights
- Redevelopment - Ideally Suited for Mixed-use Conversion
- Located in Downtown Norwich Directly Adjacent to the historic Otis Library
- Regional Appeal & Proximity to Mohegan Sun, Foxwoods Casino, Electric Boat & Hartford Healthcare
- 30,179 SF 5-Story Office Building for Sale
- Surrounded by Restaurants, Coffee Shops, Professional Offices, Retail Establishments & Civic Amenities
- Access to Highways Route 2 / 32 and I-395
Executive Summary
Downtown Norwich Redevelopment Opportunity | Mixed-Use Residential Conversion Potential
Unlock the potential of one of Downtown Norwich's landmark commercial properties. Located at 257 Main Street, this 30,179 SF, five-story office building presents an exceptional opportunity for developers and investors seeking a transformative adaptive reuse project. Ideally suited for a mixed-use redevelopment, the property offers the potential to convert the upper floors into residential apartments or condominiums while activating the street level with retail, restaurant, or service-oriented commercial space. Its prominent downtown location supports a walkable live-work-play environment and positions the asset to capitalize on the continued revitalization of Norwich's urban core.
The building is surrounded by restaurants, coffee shops, professional offices, retail establishments, and civic amenities, and sits directly adjacent to the historic Otis Library, creating an attractive setting for future residents and businesses alike. The property's regional appeal is further strengthened by its proximity to several of Southeastern Connecticut's largest employment and tourism drivers, including Mohegan Sun, Foxwoods Resort Casino, Electric Boat, and Hartford HealthCare, providing a strong foundation for residential demand and long-term investment.
Whether envisioned as apartments with ground-floor retail, a boutique hospitality concept, or another creative mixed-use redevelopment, 257 Main Street represents a rare opportunity to reposition a substantial downtown asset in one of Connecticut's historic city centers.
Unlock the potential of one of Downtown Norwich's landmark commercial properties. Located at 257 Main Street, this 30,179 SF, five-story office building presents an exceptional opportunity for developers and investors seeking a transformative adaptive reuse project. Ideally suited for a mixed-use redevelopment, the property offers the potential to convert the upper floors into residential apartments or condominiums while activating the street level with retail, restaurant, or service-oriented commercial space. Its prominent downtown location supports a walkable live-work-play environment and positions the asset to capitalize on the continued revitalization of Norwich's urban core.
The building is surrounded by restaurants, coffee shops, professional offices, retail establishments, and civic amenities, and sits directly adjacent to the historic Otis Library, creating an attractive setting for future residents and businesses alike. The property's regional appeal is further strengthened by its proximity to several of Southeastern Connecticut's largest employment and tourism drivers, including Mohegan Sun, Foxwoods Resort Casino, Electric Boat, and Hartford HealthCare, providing a strong foundation for residential demand and long-term investment.
Whether envisioned as apartments with ground-floor retail, a boutique hospitality concept, or another creative mixed-use redevelopment, 257 Main Street represents a rare opportunity to reposition a substantial downtown asset in one of Connecticut's historic city centers.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Building Size
30,179 SF
Building Class
C
Year Built
1918
Price
$900,000
Price Per SF
$29.82
Tenancy
Single
Building Height
5 Stories
Typical Floor Size
6,462 SF
Building FAR
1.61
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
CC - Commercial
Amenities
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | NORW-000102-000006-000030 | Improvements Assessment | $1,554,500 |
| Land Assessment | $160,400 | Total Assessment | $1,714,900 |
Property Taxes
Parcel Number
NORW-000102-000006-000030
Land Assessment
$160,400
Improvements Assessment
$1,554,500
Total Assessment
$1,714,900
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