82 Salem Tpke, Norwich, CT 06360

Property Description

Incredible opportunity to own a high visibility, income generating mixed use property close to major highways and shopping! Offering 2,430 sq ft on 0.63 acres, this fully renovated building is ideal for investors or owner occupants. The vacant first floor commercial unit offers endless possibilities for retail, office, service based businesses, or other commercial uses. Updates include electrical (June 2024) and a new ADA-compliant ramp (August 2024). The second-floor residential unit offers 2 bedrooms and 1 bathroom, with new windows (April 2025), flooring, carpet, and kitchen and bath updates. The fully renovated third-floor unit also features 2 bedrooms and 1 bathroom. Both residential units are occupied on month-to-month leases, generating over $5,000 per month in combined rental income! With a proven history of long and short term rentals, this property offers immediate income and potential for more from the vacant commercial space. Additional features include a detached garage, 15-space parking lot (an additional parking space rented monthly) extra land in the rear, and ample basement storage. Whether expanding your portfolio or seeking a flexible live/work investment, this property checks all the boxes! Sold AS IS. *Cash or conventional financing only; government financing is not available due to the mixed use classification*