Development parcel on busy north/south state highway just outside Norwich. Currently holds established locally owned diner. Located in an established commercial district with successful businesses including Pizza Hut, Aldi, Arby's KwikFill and more. Excellent AADT at 13,000 +. Site is being offered as a retail pad for regional/national operator. Public utilities in place. Friendly zoning allows for a variety of uses and building size options. 10-year ground lease preferred. Outright sale may be considered.
Norwich, NY is located in Chenango County, New York, United States. It serves as the county seat of Chenango County. Norwich is surrounded on all sides by the Town of Norwich, and it is situated in a suburban area. Subject property is located on State Highway 12 leading in and out of city center.
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.
