General Commercial - Owner/User or Development Site
309 Otrobando Ave
Norwich, CT 06360
https://thebrokerlist.com/have/general-commercial-owner-user-or-development-site-71511
FOR SALE
FOR LEASE
Property Type:
Multi Tenant Office
Last Verified:
Jun 28, 2022
Highlights
Description
General Commercial Property
4.01 AC Site at Exit 27 off Routes 2 & 32
3000 SF Office Building
Annex Barn Building 1500 SF and 3000 SF Glass Greenhouse
Additional Property available to make total acres 5.4
Modified Gross Lease Available
Near Norwich Business Park and Routes 2 & 32 in Norwichtown. Located at exit 27 off Route 2 & 32 at intersection of West Town and Otrobando Ave.
Year Built: 1895
Building Size: 3000sq ft
Building Class: B
Lot Size: 4.01 acres
Documents
Sale Fact Sheet - BuildingLease Fact Sheet - BuildingUnits for Lease
Building 1
Space Available: 3000 SF
Lease Type: Modified Gross
Map of 309 Otrobando Ave, Norwich, CT, 06360
What are Real Estate Incentives?
Real Estate incentives range widely and have been overlooked by the
Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
- U.S. Public: Many incentives focus on job creation and Affordable Housing
- Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
- Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
- Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
