13-15 South Broad Street
Norwich-City, NY, 13815
$499,000
2 Beds
2 Baths
25,038 SqFt
0.22 Acres
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Prime Mixed-Use Residential & Commercial Property in downtown Norwich. Located in an active downtown Business Improvement District, this well-maintained brick building offers a blend of historic charm and modern functionality. 25,000+ square feet of prime, income-generating residential and commercial/office space – Two fully furnished apartments, ideal for AirBnB or Executive Stay rental income. Six occupied office spaces catering to small businesses, professionals, and entrepreneurs.
Gross Annual Revenue of $87,000+ with potential for further development and expansion, either with additional residential units or separation of large commercial spaces.
Features for future tenant enticement – Beautiful brick façade and inviting storefronts ensuring a professional and welcoming appearance. Ample parking available in a municipal lot with easy access from the rear of the building – providing convenience for tenants and visitors alike. Situated in the heart of Norwich, surrounded by businesses, retail shops, and restaurants – all ensuring great visibility.
This property presents a unique investment opportunity with its prime location in Norwich’s downtown corridor. Whether you’re looking to expand your portfolio or establish a flagship business presence, this building combines versatility, revenue potential, and great curb appeal.
Don’t miss your chance to own a piece of Norwich’s vibrant downtown. Please refer to the attached 3D Tour or copy the link below to your browser for a walk thru of the 2nd & 3rd floors: https://my.matterport.com/show/?m=kja7A5G9nLr&brand=0

Property Details

Price:
$499,000
MLS #:
R1582052
Status:
Active
Beds:
2
Baths:
2
Address:
13-15 South Broad Street
Type:
Single Family
Subtype:
MixedUse
Neighborhood:
Norwich-City-081100
City:
Norwich-City
Listed Date:
Dec 23, 2024
State:
NY
Finished Sq Ft:
25,038
Total Sq Ft:
25,038
ZIP:
13815
Lot Size:
9,583 sqft / 0.22 acres (approx)
Year Built:
1960
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Schools

School District:
Norwich

Interior

Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms
Cooling
Ductless
Flooring
Hardwood, Varies
Heating
Ductless, Gas, Baseboard, Steam, Space Heater

Exterior

Construction Materials
Brick, Frame
Parking Features
Common, Paved, Parking Available, On Street, Two Or More Spaces
Roof
Composition, Membrane, Rubber

Financial

Net Operating Income
$36,740
Taxes
$14,605

Map

Community

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13-15 South Broad Street
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