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Property Address

101 Merchants Avenue, Norwich (Taftville), CT  06380

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Property Details

Status
Active
Town
Norwich
Type
Commercial
Year Built
1950
Heating
Baseboard, Hot Air
Cooling
None
Approx Sq. Feet
1,980
Acreage
0.12
Est. Taxes
$2,560
Assessment
$60,400
Current Use
Auto Repair
Permitted Use
Auto Sales
Zoning
R20
Garage
Paved, Parking Lot
Construction
Block
Utilities
Electric, Gas, Telephone
Days on Market
197 days
MLS#
170326822

Price History

2/4/2021 - $185,000
8/14/2020 - $199,000

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Your Agent

Jay and Carol Kelly


Jay and Carol Kelly

Cell - 860.550.0295
Office - 860.886.1386
Fax - 860.823.1965

Email Agent ›View My Listings›

Your Loan Officer

Robert Bradley

Robert Bradley
NMLS Mortgage Loan Originator ID 431493
Cell - 860.391.1099

Email Loan Officer › Loan Quote ›

Your Insurance Rep.

Katherine Clancy

Katherine Clancy
Insurance NPN#
Office - 860.838.3024
Fax - 860.838.3024

Email Insurance Rep. › Insurance Quote ›

Norwich, CT Housing Statistics

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Reduced Price!

Original: $199,000

Reduction: 7.04%

$185,000

Estimated PMT - $624 / Mo.*

Check Rates › | Change Terms›

101 Merchants Avenue, Norwich, CT, Connecticut 06380. Incredible business location with high daily traffic exposure. Thousands of potential customers drive past this location every day. This automotive repair shop is also licensed as a used car lot. Property has been very well maintained including recent regrade and industrial paving, new overhead doors, security camera system, electrical, plumbing and windows have all been upgraded. Shop includes a 9,000 pound 2-post Atlas Automobile Lift, LED lighting, wash sink and new efficient gas shop heater. Office has reception desk, customer seating area and bathroom. Owner has averaged $800-$1,000 per business day for each of the two bays. The used car business area offers significant additional income potential. Lease or lease/option are also a potential consideration with a significant down payment and monthly rental payments of $2,500.