A large parcel of commercially zoned raw land, 8.90 acres on heavily trafficked Salem Turnpike (Route 82) connecting Montville, Salem, Bozrah to Norwich. 360 ft of road frontage, with 25 ft in the town of Bozrah and the rest in Norwich. Excellent location with prime exposure. Area is experiencing signs of vitality with new sewer and water lines and the construction of a 120 unit assisted living facility 1/4 mile to the west. I-395, Big Y & Walmart, are about a mile to the east. Goldmine Brook splits the parcel with conceptual site plans, a 5,400 SF restaurant in front, a required wetlands crossing, and then a 15,040 SF office building in the rear of the lot. Lot is 8.9 acres with approx. 4.8 acres usable. The lot can be subdivided. Planned commercial zone allows retail, offices, vet hospitals, clinics, fitness, hotels/motels, mixed use, restaurants, etc. Detail plans available upon request. An excellent opportunity!
346 Salem Turnpike, Norwich, CT, 06360
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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