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58 Yantic Flats Road

Norwich, CT 06360
  • $385,000
  • STATUS: Active Under Contract
  • ON SITE: 91 Days
  • MLS #: 170595258
Under Contract
UPDATED: 44 min ago
$385,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

Owner/User Opportunity. Seller willing to hold paper. On the first floor, spanning 3,201 sq. ft., is an open area of 1,519 sq. ft. accentuated with 10 ft ceilings, surrounded by adaptable rooms and office spaces. Upstairs, you'll find a permitted 1-bedroom apartment. This residential space comes complete with a functional kitchen, a cozy living room, a sun-kissed sunroom, and additional storage areas. Paying $600/month. Further complementing the property's appeal is the 1,500 sq. ft. industrial garage. This space boasts a 16 ft ceiling, ample storage overhead, and large doors that welcome a variety of vehicles, from trucks to buses. An entity currently leases this expansive garage, with a monthly rent of $1,500, further augmenting the property's revenue stream. The forced air heating system is powered by natural gas to the comprehensive air conditioning. A city water supply and a septic system handle utilities, but there’s potential for a city sewer hookup nearby. Its past as the domicile of Camaro Signs underscores its commercial adaptability. Moreover, the property's proximity to major roads, just a minute from the interstate, ensures seamless accessibility. For the tax year of July 2023 to June 2024, the property has been assessed at a total value of $416,200. In essence, this commercial property in Norwich is not just a purchase; it's an investment ripe with potential, combining residential and commercial prospects in a flourishing hub.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2023 SmartMLS, Inc. Data last updated: 2023-12-02T15:10:23.257.
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58 Yantic Flats Road Norwich, CT 06360

  • Price: $385,000
  • Status: Active Under Contract
  • On Site: 91 Days
  • Updated: 44 min ago
  • MLS #: 170595258
0
Beds
0
Baths
0
½ Baths
0.46
Acres
1960
Built
Neighborhood:
Yantic
County:
New London
Area:
Norwich
Property Description
Owner/User Opportunity. Seller willing to hold paper. On the first floor, spanning 3,201 sq. ft., is an open area of 1,519 sq. ft. accentuated with 10 ft ceilings, surrounded by adaptable rooms and office spaces. Upstairs, you'll find a permitted 1-bedroom apartment. This residential space comes complete with a functional kitchen, a cozy living room, a sun-kissed sunroom, and additional storage areas. Paying $600/month. Further complementing the property's appeal is the 1,500 sq. ft. industrial garage. This space boasts a 16 ft ceiling, ample storage overhead, and large doors that welcome a variety of vehicles, from trucks to buses. An entity currently leases this expansive garage, with a monthly rent of $1,500, further augmenting the property's revenue stream. The forced air heating system is powered by natural gas to the comprehensive air conditioning. A city water supply and a septic system handle utilities, but there’s potential for a city sewer hookup nearby. Its past as the domicile of Camaro Signs underscores its commercial adaptability. Moreover, the property's proximity to major roads, just a minute from the interstate, ensures seamless accessibility. For the tax year of July 2023 to June 2024, the property has been assessed at a total value of $416,200. In essence, this commercial property in Norwich is not just a purchase; it's an investment ripe with potential, combining residential and commercial prospects in a flourishing hub.
Exterior Features

Exterior Features AwningsDoors - 10-15 ftOutside Storage AreaRoof SignStorage Building Garage And Parking Covered GarageParking LotUnassigned Parking Lot Description DryLevel Lot Parking Spaces Uncovered 24 Parking Total Spaces 24 Road Frontage Description Right of WayPaved Road Roof Information Asphalt Shingle Traffic Count 10542

Interior Features

Ceiling Height 10 Cooling System Split System Heat Type Gas on Gas Interior Features Living Space AvailableLoading - GradeSecurity System Number Of Docks 1 Number Of Overhead Doors 2 Number Of Restrooms 2 Sq Ft Industrial 1721 Sq Ft Office 2145 Sq Ft Residential 888 Sq Ft Retail 2186 Sq Ft Total 7653 Sq Ft Warehouse 713

Property Features

Accessibility Features Handicap ParkingRamps Ada Compliant YN No Additional Space Available YN Yes Agent Owner YN No Bank Owned Property No Business Included YN No Elevation Certificate YN Yes Exclusions Personal Property Financing Used Private Flood Zone YN No Foundation Type Concrete Gross Annual Expense 21095 Gross Annual Income 25200 Heat Fuel Type ElectricGas In Street Location Highway AccessOther Net Operating Income 4105 Number Of Tenants 2 Potential Short Sale No Potential Use Office/Retail/Apt/Flex/Garage Present Use Camarro Signs/Residential Apt. Sewage System Public Sewer In StreetSeptic Subdividable YN Yes Total Number Of Units 4 Under Agreement Yn No Utilities Available ElectricGasCable Water Source Public Water Connected Zoning GC

Listing information © 2023 Smart MLS
Listing provided courtesy of Tim J. Bray of Seaport Real Estate Services: (860) 245-9200.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2023 SmartMLS, Inc. Data last updated: 2023-12-02T15:10:23.257.
 
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