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- LoopNet Team
360-364 W Main St
Norwich, CT 06360
Olde Tymes Restaurant · Land For Sale
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1.40 AC
INVESTMENT HIGHLIGHTS
- Prime commercial location. Largest frontage single-tenant tract left on the street
PROPERTY FACTS
DESCRIPTION
Landmark restaurant created by connecting 2 houses in 1983. Owner retiring. Land is suitable for office or retail development with 400 feet of frontage on the main 4 lane street of the city of Norwich, 200 hundred feet deep on west end next to traffic signal and 118 feet on east. Daily traffic is approximately 18,000 per day. In a good area that is experiencing renewed growth. New 100+ unit apartment development almost finished 1/2 mile from this site. Suitable for continued use as restaurant with additional buildings possible or do a complete tear-down and rebuild. Harbor Freight, Dollar General, and Concentra Health Center, CVS, Walgreens, and additional retail stores are all located directly across the street. Potential for mixed-use with commercial first floor and residential units above.
PROPERTY TAXES
| Parcel Number | NORW-000109-000001-000013 | Improvements Assessment | $320,800 |
| Land Assessment | $172,200 | Total Assessment | $493,000 |
PROPERTY TAXES
