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$1,000,000
Est. payment /mo
13,942 SqFt
UPDATED:
02/11/2025 10:24 PM
Key Details
Property Type Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 13,942 sqft
Price per Sqft $71
MLS Listing ID 24002183
Year Built 1860
Annual Tax Amount $25,831
Lot Size 3,920 Sqft
Property Description
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.
Location
State CT
County New London
Zoning CC
Interior
Interior Features Elevator
Heating Hot Air
Cooling Split System
Exterior
Utilities Available Electric
Roof Type Tar/Gravel
Building
Lot Description Corner Lot
Story 4
Foundation Concrete, Slab
Sewer Public Sewer Connected
Water Public Water Connected
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Listed by Tyler Egner • Sky Realty Group
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