The Haymarket (Rockwell) Building 97-105 Main St

Investment Highlights

High Traffic Counts and Visibility Easy to Manage | Larger Tenant Area Well Maintained | Professional Building Prime Downtown Location Upside Rent Potential Historic Rockwell Building - https://historicbuildingsct.com/rockwell-building-norwich-1860/

Executive Summary

Investors, Developers or Owner Occupied - take note: The Haymarket Building is a beautiful, professional office building in downtown Norwich with street level storefronts. Currently home of the popular La Stella Pizzeria, Legal Offices, and State of CT Judicial Offices.This Historic building was originally known as the Rockwell Building, which is a distinctive flatiron-type structure, with storefronts facing Main and Market streets in downtown Norwich. It was built around 1860 in the impressive Romanesque Revival style. Recently renovated with updated electrical, mechanicals and interiors. Currently offered at a 6.9% Cap Rate with excellent upside potential. Or owner occupied opportunity on the 3rd floor. Possible conversion to mixed use with up to 7,000 SF of residential apartment conversion. Low maintenance and some longer term leases make this historic building an attractive opportunity for investors. Water views from nearly every part of the building, high vehicle and foot traffic, easy access to major routes and highways, ADA compliant, elevator to each floor, on street parking with nearby access to parking garage.

• Sale Type    Investment
• Property Type    Office Office General Retail Restaurant General Retail Storefront Retail/Office Office Office Residential Office
• Building Size    13,942
• Building Class    B
• Year Built    1860
• Price    1,000,000
• Price Per SF    72
• Cap Rate    7.95
• NOI    79,481
• Percent Leased    100
• Tenancy    Multiple
• Building Height    4 Stories
• Typical Floor Size    3,485
• Building FAR    3.56
• Land Acres    0.09 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Bus Line
• Signage
• Kitchen
• Fully Carpeted
• Wi-Fi
• Air Conditioning