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$635,000 Just Listed
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Property Description
Excellent Mixed-Use Opportunity - Turnkey Restaurant, Residential Apartment & Option to Purchase! Great opportunity for an entrepreneur or investor! This mixed-use property features a turnkey restaurant on the first floor, ready for a new operator to bring their vision to life. 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 offers a spacious 3-bedroom, 1-bathroom apartment, plus additional finished attic space with a full bathroom, providing extra flexibility. 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 shopping, amenities, and other local businesses, in an area offering excellent potential for a new or growing business. The property is available as a lease with an option to purchase, offering a unique opportunity for those looking to operate their business while working toward ownership. Flexible rental options are also available: the restaurant/commercial space and the second-floor residential apartment may be rented separately. A great opportunity to live, work, invest, and potentially own-all in one property! Schedule your Showing today!!
Full Property Details
Full Property Details for 20 Lafayette St
General
- Price: $635,000
- Taxes: (July 2026-June 2027)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24198847
- Updated: 8/12/2026
- Added to Site: 3 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 2
- Half Bathrooms: 2
Location
- County: New London
- Driving Directions: William St to Lafayette St
Heating & Cooling
- Cooling Type: Window Unit
- Heating Type: Baseboard, Radiator, Natural Gas
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: 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: 4
- Partial Bathrooms: 2
Lot Features
- Lot Size (Acres): 0.4
- Frontage: Paved Road
- Zoning: NC
- Lot Description: Dry, Level Lot
Financial Considerations
- Assessment Amount: $205,600
- Tax Year: July 2026-June 2027
Disclosures and Reports
- Documents Avail.: Lead Disclosure
- Property ID: 2023667
Listed by Eagle Eye Realty PLLC, Monica Barzola
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Price & Sales History for 20 Lafayette St
Date
Details
Price
Change
Source
8/12/2026
Listed
$635,000
188.64%
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 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 Lafayette St
20 Lafayette Street, Norwich, CT 06360 (MLS# 24198847) is a Commercial property. 20 Lafayette Street is currently listed for $635,000 and was received on August 12, 2026. Want to learn more about 20 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.

