PROPERTY IS LOCATED IN AN OPPORTUNITY ZONE WITH SIGNIFICANT FEDERAL TAX INCENTIVES TO AVOID CAPITAL GAINS FROM OTHER PROJECTS. HILL TOP LOCATION WITH 5 MILE VIEWS. SHOVEL READY PLANS FOR 65 UNITS (SEE ATTACHMENTS) TO BE SEPARATED BY A LOT LINE ADJUSTMENT FROM LARGER PARCEL PLANNED FOR 300 TOTAL UNITS. ASKING IS $10,000 PER UNIT FOR THE 65 UNITS BUYER CAN OBTAIN AN OPTION FOR THE BALANCE AT REDUCED COST. PDF OF SITE PLANS AVAILABLE.
2 Commercial buildings situated on 0.41 acres 1/2 mile north of downtown Norwich. Building 1: Total of 2,099 SF with enclosed porch. 1st Floor is 442 SF, 2 offices , 2 bathrooms, and 3 car garage. 2nd Floor is 1,022 SF with 1 1/2 bathrooms. Building 2: Total of 7,042 SF, 2 stories with full basement. First and second floor approximately 2,354 SF each. 1 1/2 Baths, granite entry, hardwood floors. Handicap accessible. Front porch with view of St. Patrick's Cathedral. Numerous antique fireplaces and hardwood floors. Beautiful landscaping and grounds.
The median home value in Norwich, CT is $260,000. This is lower than the county median home value of $320,100. The national median home value is $338,100. The average price of homes sold in Norwich, CT is $260,000. Approximately 46.57% of Norwich homes are owned, compared to 41.32% rented, while 12.11% are vacant. Norwich real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Norwich real estate agent to arrange a tour today!
Norwich, Connecticut has a population of 40,020. Norwich is less family-centric than the surrounding county with 20.84% of the households containing married families with children. The county average for households married with children is 27.48%.
The median household income in Norwich, Connecticut is $59,791. The median household income for the surrounding county is $79,040 compared to the national median of $69,021. The median age of people living in Norwich is 39.3 years.
The average high temperature in July is 81.1 degrees, with an average low temperature in January of 20.4 degrees. The average rainfall is approximately 50.7 inches per year, with 27.4 inches of snow per year.