20-22 Lafayette Street
Norwich, Connecticut 06360
Reduced from $635,000
- Beds
- 0
- Baths
- 0
- SqFt
- —
- Acres
- 0.40
- Property Type
- Land
Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Excellent mixed-use investment opportunity in Norwich! This versatile property offers both commercial and residential space with strong income potential. The first floor features an established restaurant currently in operation, presenting an excellent opportunity for an investor or owner-operator. The second floor offers a spacious residential apartment with three bedrooms and one full bath, plus a finished attic that provides additional living space and another full bathroom. Conveniently located near local businesses, shopping, medical facilities, and public transportation, this property offers great accessibility and flexibility for multiple uses. The commercial restaurant space and the residential apartment, including the finished attic, may also be available for separate lease. Also available for lease with an option to purchase.
Key Facts
- City/Town
- Norwich
- Property Type
- Land
- Days on Market
- 63 days
- Beds
- 0
- Baths
- 0 baths
- Lot Size
- 0.40 acres
- Property Taxes
- $7,021 / Annually
Market Snapshot
The Norwich Market
Land · trailing 12 months
Active Listings
17
3 under contract
Median List Price
$125,000
17 active listings
Median Closed Price
$47,500
24 sales
Median Days on Market
175
17 active listings
Median $ / Sq Ft
--
17 active listings
Sale-to-List Ratio
99.0%
24 sales
How this home compares
List Price
$595,000
vs $125,000 median
4.8× the median
Price / Sq Ft
--
Median unavailable
Limited comparable data
Days on Market
63 days
vs 175 days median
112 days fresher than median
Based on 17 active and 24 closed sales (trailing 12 mo) of land in Norwich. Source: SmartMLS · As of November 9, 2026.
Location
20-22 Lafayette Street, Norwich, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Nov 5, 2026per month
- Principal & Interest$3,225
- Property Taxes$585
- Insurance$198
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Norwich
- County
- New London
Residence
- Property Type
- Land
- Subtype
- Other
Exterior & Lot
- Lot Size
- 0.40 acres
- Zoning
- NC
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Lot Description
- Dry
Listing & Financials
- Property Taxes
- $7,021 / Annually
- Days on Market
- 63
- MLS #
- 24205131
- MLS Status
- Active
- Financing
- FHA,VA,CHFA,Owner Financing
Similar Properties
Homes with a close match in area, property type, and price.
This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 11/9/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 11/9/2026 at 9:55 PM UTC.