Price Reduced 37.50%

$500,000

Under Contract

Est. Mortgage $2,463/mo *

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Price History

$800,000
4/8/2024

$750,000
6/5/2024

$700,000
7/18/2024

$500,000
8/23/2024

16-22 Courthouse Square, Norwich, CT, 06360

16-22 Courthouse Square, Norwich, CT, 06360
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1900

23,020 sqft

Situated in the bustling Court House Square, this property benefits from its central location within Norwich. This historic district is known for its charming atmosphere, lined with a mix of commercial establishments, government buildings, and cultural landmarks. With convenient access to major transportation routes and close proximity to major employers, this location is an ideal candidate for conversion to multi-family use. Situated in the Norwich Opportunity Zone, as well as the Downtown Revitalization Zone. Huge potential for mixed-use or multi-family. Year Built ~ 1900 Total Gross Area ~ 23,020 sqft Total Living Area ~ 14,875 sqft Lot Size ~ .19 AC Zoning District ~ CC (Chelsea Central District) Flood Zone ~ Yes, 1% Annual Chance Opportunity Zone ~ Yes Downtown Revitalization Zone ~ Yes Assessed Value is displayed incorrectly on 3rd party websites. Assessed value is $644,200.00

Status:

Under Contract

Type:

Commercial

Zoning:

CC

Frontage:

Municipal Street

Heating:

Hot Air

Cooling:

Central Air

Acreage:

0.19

Est. Taxes:

$28,823

Assessment

$644,200

Utilities

Electric,Gas Available,Cable

Lot Description:

Level Lot

Days on Market:

175

MLS #:

24008895

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Kyle Schrader, Seaport Real Estate Services Email: kyleschrader@seaportre.com