Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$279,000

  • For Sale
  • Active
  • Commercial
See This Home
Save This Home
See This Home
Save This Home
Explore this exceptional investment opportunity in Norwich, CT with this versatile mixed-use property. Ideally situated in a busy area, this property offers a unique blend of commercial and residential spaces to suit your investment goals. The main level, presents a rented commercial space to attract customers and thrive as a business spot. There are two 2 BR / 1BA apartments attached and currently occupied by a tenant with a leases in place. This not only provides immediate income but also ensures a seamless transition for the new owner. Seeking a property with residential and commercial income, this opportunity offers the best of both worlds.

Full Property Details for 197 Central Ave

General

  • Price: $279,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Commercial
  • Source: SMARTMLS
  • MLS ID: 24118625
  • Updated: 11/26/2025
  • Added to Site: 140 day(s) ago

Interior

  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Restrooms: 2

Location

  • County: New London
  • Driving Directions: per GPS

Heating & Cooling

  • Cooling Type: Window Unit
  • Heating Type: Baseboard, Electric, Natural Gas
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected
  • Utility Description: Electric, Gas, Phone Available, Cable

Structural Information

  • Roof: Asphalt Shingle
  • Stories/Levels: 2
  • Stories in Building: 2
  • Square Feet: 2,014
  • Sq. Ft. Source: Approximate
  • Living Area: 1,614 Sq. Ft.
  • Current Bldg. Use: Multi Family/Commercial
  • Retail: 400 Sq. Ft.
  • Year Built: 1830

Unit Information

  • # Tenants: 3

Unit 1

  • Unit Description: Retail
  • Square Feet: 400
  • Total Bathrooms: 1

Unit 2

  • Unit Description: 1 Bedroom
  • Square Feet: 800
  • Total Bathrooms: 1

Unit 3

  • Unit Description: 2 Bedrooms
  • Square Feet: 800
  • Total Bathrooms: 1

Lot Features

  • Lot Size (Acres): 0.04
  • Frontage: Municipal Street
  • Present Use: Multi Family/Commercial
  • Zoning: MF
  • Lot Description: Level Lot, Cleared

Financial Considerations

  • Assessment Amount: $68,700
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Documents Avail.: None
  • Property ID: 2414932

Listed by Compass Connecticut, LLC, Jason Pollard

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 197 Central Ave —

  • Jason Pollard

    Compass Connecticut, LLC

Agent Contact: (860) 287-1976 Office Contact: (860) 572-9099

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 197 Central Ave

School District:Norwich School District
NameGradesDistance
John B. Stanton School
386 New London Turnpike, Norwich, CT 06360
PK-52.4 mi
Teachers' Memorial Middle School
15 Teachers Drive, Norwich, CT 06360
6-82.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 197 Central Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/17/2025
Price Reduced
$279,000
-6.69%
MLS
10/07/2025
Price Reduced
$299,000
-6.27%
MLS
9/02/2025
Listed
$319,000
—
MLS
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 197 Central Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,780
6%
$68,700
—
2023
$2,624
-14%
$68,700
9%
2023
$3,069
—
$63,100
—
2022
$3,059
—
$63,100
—
2021
$3,069
—
$63,100
—
2020
$3,058
1%
$63,100
—
2019
$3,028
42%
$63,100
43%
2018
$2,134
-1%
$44,100
—
2017
$2,149
-1%
$44,100
—
2016
$2,164
2%
$44,100
—
2015
$2,119
5%
$44,100
—
2014
$2,026
5%
$44,100
-26%
2011
$1,936
—
$60,000
—
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 197 Central Ave

$
Down Payment
%
$
%

$
$

*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

Get Pre-Approved

Listed by Compass Connecticut, LLC, Jason Pollard

Similar Properties near 197 Central Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

108 Sachem St, Norwich, CT 06360 - Photo 1
$257,000

108 Sachem St  Norwich, CT 06360

  • Commercial
  • Active
Listed by McDonald Real Estate, LLC
125 Yantic Rd, Norwich, CT 06360 - Photo 1
$299,900

125 Yantic Rd  Norwich, CT 06360

  • Commercial
  • Active
Listed by Berkshire Hathaway NE Prop.

Just Listed near 197 Central Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

401 Tripp Hollow Rd, Canterbury, CT 06234 - Photo 1 Just Listed
$699,900

401 Tripp Hollow Rd  Canterbury, CT 06234

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,665
    Sq. Ft.
Listed by RE/MAX Bell Park Realty
60 Cedar Ln, Bozrah, CT 06334 - Photo 1 Just Listed
$400,000

60 Cedar Ln  Bozrah, CT 06334

  • Single Family
  • Active
  • Updated 4 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,250
    Sq. Ft.
Listed by Compass Connecticut, LLC
435 Salem Turnpike, Bozrah, CT 06334 - Photo 1 Just Listed
$1,150

435 Salem Turnpike  Bozrah, CT 06334

  • Commercial Lease
  • Active
Listed by ERA Blanchard & Rossetto
1918 Route 12, Ledyard, CT 06335 - Photo 1 Just Listed
$300,000

1918 Route 12  Ledyard, CT 06335

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,779
    Sq. Ft.
Listed by Lisa Noyes (860) 908-1765

Price Reduced near 197 Central Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

20 Knollwood Dr, Canterbury, CT 06331 - Photo 1 Price Reduced
-$26,000 (-3.59%)
$699,000

20 Knollwood Dr  Canterbury, CT 06331

  • Commercial
  • Active
Listed by Kazantzis Real Estate, LLC
181 Kimball Rd, Lisbon, CT 06351 - Photo 1 Price Reduced
-$10,000 (-3.33%)
$289,900

181 Kimball Rd  Lisbon, CT 06351

  • Single Family
  • Active
  • Updated 3 days ago
  • 2
    Beds
  • 1
    Total Bath
  • 1,212
    Sq. Ft.
Listed by RE/MAX One
Echo Dr, Lebanon, CT 06249 - Photo 1 Price Reduced
-$5,000 (-11.36%)
$39,000

Echo Dr  Lebanon, CT 06249

  • Land Residential
  • Active
  • Updated 2 days ago
  • 0.43
    Acres
Listed by Dorrance Realty
27 Woodland Dr, Salem, CT 06420 - Photo 1 Price Reduced
-$10,000 (-2.5%)
$389,900

27 Woodland Dr  Salem, CT 06420

  • Single Family
  • Active
  • Updated 6 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,318
    Sq. Ft.
Listed by Complete Real Estate

Recent Sales near 197 Central Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

180 Central Ave, Norwich, CT 06360 - Photo 1 Sold
$245,000

180 Central Ave  Norwich, CT 06360

  • Single Family
  • Closed
  • Updated 6 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,037
    Sq. Ft.
Listed by The Hive Real Estate LLC
Sold by Real Broker CT, LLC
293 Central Ave, Norwich, CT 06360 - Photo 1 Sold
$309,000

293 Central Ave  Norwich, CT 06360

  • Multi-Family
  • Closed
  • 4
    Total Beds
Listed by I.M.A. Realty LLC
Sold by RE/MAX One
300 Central Ave, Norwich, CT 06360 - Photo 1 Sold
$270,000

300 Central Ave  Norwich, CT 06360

  • Single Family
  • Closed
  • 4
    Beds
  • 1
    Total Bath
  • 1,022
    Sq. Ft.
Listed by eXp Realty
Sold by RE/MAX One
296 Hamilton Ave, Norwich, CT 06360 - Photo 1 Sold
$263,000

296 Hamilton Ave  #29  Norwich, CT 06360

  • Townhouse
  • Closed
  • 2
    Beds
  • 3
    Total Baths
  • 1,304
    Sq. Ft.
Listed by CENTURY 21 Shutters & Sails
Sold by Irina Elsayed

197 Central Avenue, Norwich, CT 06360 (MLS# 24118625) is a Commercial property. 197 Central Avenue is currently listed for $279,000 and was received on August 29, 2025. Want to learn more about 197 Central Avenue? 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.

Tour this property