97-105 Main St, Norwich, CT 06360
13,942 SF | 100% Leased | Office Building | Norwich, CT 06360 | $1,000,000 ($72/SF) | 7.95% Cap Rate
For Sale
Active
Asking Price $1,000,000
- Property Type
-
Office
- Square Feet
- 13,942 SF
- Price / Square Foot
- $72
Listing Contacts
- Property Info
Property Overview
Investors, Developers or Owner Occupied - take note: The Haymarket Building is a beautiful, professional office building in downtown Norwich with street level storefronts. Currently home of the popular La Stella Pizzeria, Legal Offices, and State of CT Judicial Offices.
This Historic building was originally known as the Rockwell Building, which is a distinctive flatiron-type structure, with storefronts facing Main and Market streets in downtown Norwich. It was built around 1860 in the impressive Romanesque Revival style. Recently renovated with updated electrical, mechanicals and interiors.
Currently offered at a 6.9% Cap Rate with excellent upside potential. Or owner occupied opportunity on the 3rd floor. Possible conversion to mixed use with up to 7,000 SF of residential apartment conversion.
Low maintenance and some longer term leases make this historic building an attractive opportunity for investors. Water views from nearly every part of the building, high vehicle and foot traffic, easy access to major routes and highways, ADA compliant, elevator to each floor, on street parking with nearby access to parking garage.
This Historic building was originally known as the Rockwell Building, which is a distinctive flatiron-type structure, with storefronts facing Main and Market streets in downtown Norwich. It was built around 1860 in the impressive Romanesque Revival style. Recently renovated with updated electrical, mechanicals and interiors.
Currently offered at a 6.9% Cap Rate with excellent upside potential. Or owner occupied opportunity on the 3rd floor. Possible conversion to mixed use with up to 7,000 SF of residential apartment conversion.
Low maintenance and some longer term leases make this historic building an attractive opportunity for investors. Water views from nearly every part of the building, high vehicle and foot traffic, easy access to major routes and highways, ADA compliant, elevator to each floor, on street parking with nearby access to parking garage.
Property Details
- Class
- B
- Year Built
- 1860
- Stories
- 4
- Lot Size (sq. ft)
- 3,920 SF
Highlights
- High Traffic Counts and Visibility
- Prime Downtown Location
- Easy to Manage | Larger Tenant Area
- Upside Rent Potential
- Well Maintained | Professional Building
- Historic Rockwell Building - https://historicbuildingsct.com/rockwell-building-norwich-1860/
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