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$1,500,000

  • For Sale
  • Under Contract
  • Commercial
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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 for 101 Water St

General

  • Price: $1,500,000
  • Taxes: (July 2024-June 2025)
  • Status: Under Contract
  • Type: Commercial
  • Source: SMARTMLS
  • MLS ID: 170325981
  • Updated: 5/23/2025
  • Added to Site: 1, 765 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 2024-June 2025

Disclosures and Reports

  • Documents Avail.: Brochure
  • Property ID: 2032047

Listed by US Properties, Constance Howard and US Properties, Susan Howard Cihocki

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Listing agents

— 101 Water St —

  • Constance Howard

    US Properties

  • Susan Howard Cihocki

    US Properties

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 101 Water St

School District:Norwich School District
RatingNameGradesDistance
3
Samuel L. Huntington Elementary School
80 W Town St, Norwich, CT 06360
PK-52.2 mi
3
Kelly Middle School
25 Mahan Dr, Norwich, CT 06360
6-81.6 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 101 Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
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
42.8%
MLS
7/13/2007
Sold
$1,750,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 101 Water St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$65,356
-24%
$1,710,900
-3%
2023
$85,655
—
$1,761,000
—
2022
$85,373
—
$1,761,000
—
2021
$85,655
—
$1,761,000
—
2020
$85,356
10%
$1,761,000
9%
2019
$77,360
14%
$1,612,000
15%
2018
$67,683
-1%
$1,398,700
—
2017
$68,173
47%
$1,398,700
48%
2016
$46,470
2%
$947,200
—
2015
$45,522
-32%
$947,200
-35%
2014
$66,608
94%
$1,450,200
36%
2011
$34,368
—
$1,065,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 101 Water St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by US Properties, Constance Howard and US Properties, Susan Howard Cihocki

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101 Water Street, Norwich, CT 06360 (MLS# 170325981) is a Commercial property. 101 Water Street is currently listed for $1,500,000 and was received on August 12, 2020. 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.

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