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$650,000 Just Listed
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Property Description
Exceptional mixed-use investment opportunity featuring a well-established, turnkey restaurant business on the first floor and a spacious residential unit above. The restaurant comes fully operational with an established clientele and includes all restaurant equipment, furniture, and fixtures in the sale, making this a seamless opportunity for an owner-operator or investor. The second-floor apartment offers 3 generously sized bedrooms, 1 full bathroom, and abundant living space. The finished attic provides additional versatile space complete with another full bathroom, ideal for extended living, office space, or storage. This property also features a full basement providing ample additional storage space. This unique property offers excellent income potential and a rare opportunity to own both a thriving business and residential space in one package. Conveniently located near major highways, hospitals, and other local businesses.
Full Property Details
Full Property Details for 20-22 Lafayette St
General
- Price: $650,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24180461
- Updated: 6/2/2026
- Added to Site: 2 day(s) ago
Business
- Business Included: Yes
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Location
- County: New London
- Driving Directions: William St. to Lafayette St.
Heating & Cooling
- Cooling Type: Split System, Wall Unit, Window Unit
- Heating Type: Radiator, Natural Gas
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Gas
Structural Information
- Roof: Asphalt Shingle
- Square Feet: 3,476
- Sq. Ft. Source: Public Records
- Year Built: 1938
Unit Information
Unit 1
- Unit Description: 3 Bedrooms
- Total Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.4
- Frontage: Paved Road
- Zoning: NC
- Lot Description: N/A
Financial Considerations
- Assessment Amount: $205,600
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Lead Disclosure, Other
- Property ID: 2023667
Listed by Premier Properties of CT, Monica Barzola
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Price & Sales History for 20-22 Lafayette St
Date
Details
Price
Change
Source
6/01/2026
Listed
$650,000
195.45%
MLS
1/24/2017
Sold
$220,000
—
Public Record
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
Tax History for 20-22 Lafayette St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,321
6%
$205,600
—
2023
$7,854
-14%
$205,600
9%
2023
$9,169
—
$188,500
—
2022
$9,138
—
$188,500
—
2021
$9,169
—
$188,500
—
2020
$9,137
1%
$188,500
—
2019
$9,046
16%
$188,500
17%
2018
$7,830
11%
$161,800
12%
2017
$7,028
-1%
$144,200
—
2016
$7,074
2%
$144,200
—
2015
$6,930
5%
$144,200
—
2014
$6,623
3%
$144,200
-28%
2011
$6,454
—
$200,000
—
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
Estimate the Cost for 20-22 Lafayette St
20-22 Lafayette Street, Norwich, CT 06360 (MLS# 24180461) is a Commercial property. 20-22 Lafayette Street is currently listed for $650,000 and was received on June 01, 2026. Want to learn more about 20-22 Lafayette 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.

