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Position your business in the heart of Downtown Norwich at 10 Railroad Place, a prime commercial property offering approximately 5, 300 square feet of flexible space on 0. 40 acres. Strategically located within Norwich's Chelsea Central District, this property benefits from exceptional visibility and accessibility, with an average traffic count exceeding 10, 000 vehicles per day and convenient proximity to major routes, municipal parking, and key downtown amenities. Steeped in Norwich's rich history, this building once served as the train station for the Norwich & Worcester Railroad, a landmark that played a pivotal role in the city's industrial and transportation past. This historic character, paired with modern adaptability, makes the property a rare opportunity for businesses seeking a distinctive and authentic downtown presence. The Chelsea Central District (CC Zone) is Norwich's vibrant downtown hub, designed to encourage a dynamic mix of retail, office, dining, and residential uses within a walkable, historic setting. The zoning supports a wide range of commercial opportunities, from storefront retail and professional offices to creative studios, restaurants, and more. Norwich is a city on the rise, supported by strong economic fundamentals and ongoing revitalization initiatives. Discover the perfect balance of history, visibility, and opportunity at 10 Railroad Place. Reach out or ask your agent for a copy of the offering memo.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $11 | $11 | $11 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.156% | 5.396% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $0 | $0 | $0 |
| Total Monthly Payment | $75 | $75 | $75 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.