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$850,000
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Property Description
Opportunity Zone investment property. 34,000 SF, 3 story office building located in the business center of downtown Norwich with views of the Thames River. Building is currently available for use. Former bank space with vault approximately 4,000 SF on first floor. Both finished office space and unfinished space. Elevator from garage to all floors ADA accessible.
Full Property Details
Full Property Details for 101 Water St
General
- Sold For: $850,000
- Taxes: (July 2025-June 2026)
- Status: Closed
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 170325981
- Added to Site: 2, 062 day(s) ago
Parking
- Garage: Yes
- Parking: Parking Garage
Location
- County: New London
- Driving Directions: I-395 to Exit 11 toward downtown Norwich. Right on Route 82. Right on Washington/CT-2. Left on Market Street. 1st Left on Water Street.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Hot Air, Gas In Street
- Heating Fuel: Gas In Street
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric Available, Gas Available, Phone Available
Structural Information
- Construction Status: No/Resale
- Roof: Tar/Gravel
- Stories/Levels: 3
- Stories in Building: 3
- Square Feet: 34,400
- Sq. Ft. Source: Public Records
- Year Built: 1986
Lot Features
- Lot Size (Acres): 0.73
- Frontage: Municipal Street
- Zoning: CC + Opportunity Zone
- Lot Description: Dry, Level Lot
Financial Considerations
- Assessment Amount: $1,710,900
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Brochure
- Property ID: 2032047
Listed by US Properties, Constance Howard and US Properties, Susan Howard Cihocki
Sold by U.S. Properties Real Estate Services, LLC, Constance Howard
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Schools
Schools serving 101 Water St
School District:Norwich School District
| Name | Grades | Distance |
|---|---|---|
Samuel Huntington School 80 West Town Street, Norwich, CT 06360 | PK-5 | 2.2 mi |
Kelly Middle School 25 Mahan Drive, Norwich, CT 06360 | 6-8 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 101 Water St
Date
Details
Price
Change
Source
6/26/2025
Sold
$850,000
-43.33%
MLS
10/24/2024
Price Reduced
$1,500,000
-23.08%
MLS
7/09/2024
Price Increased
$1,950,000
39.29%
MLS
9/05/2023
Price Reduced
$1,400,000
-6.67%
MLS
4/24/2023
Price Reduced
$1,500,000
-14.29%
MLS
3/20/2023
Price Reduced
$1,750,000
-12.06%
MLS
11/09/2021
Price Reduced
$1,990,000
-20.37%
MLS
8/12/2020
Listed
$2,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
101 Water Street, Norwich, CT 06360 (MLS# 170325981) is a Commercial property that was sold at $850,000 on June 26, 2025. Want to learn more about 101 Water Street? Do you have questions about finding other Commercial real estate for sale in Norwich? You can browse all Norwich real estate or contact a Coldwell Banker agent to request more information.

