13-15 S Broad St

• Seasoned Investors Seeking a High-Potential, Mixed-Use Property: This property is ideal for those looking to expand their portfolio with a building that offers both residential and commercial income streams. The existing gross annual revenue of $98,000+ provides a solid foundation for further development and increased profitability. • Entrepreneurs Aiming to Establish a Flagship Business Presence: The property's prime location in Norwich's downtown corridor offers excellent visibility and access to a vibrant business community. The building's curb appeal and ample parking make it an attractive option for businesses looking to establish a strong presence in the area. • Buyers Interested in Grant-Rich Business Improvement Districts: The property's location within an active Business Improvement District offers access to various grants and incentives that can support property improvements and business development. This can significantly reduce costs and enhance the property's overall value. • Investors Focused on Value-Add Opportunities: The property's potential for further development and expansion, either with additional residential units or separation of large commercial spaces, makes it a great option for investors looking to increase revenue and property value through strategic improvements.

• Buyers Seeking Immediate, High Cash Flow: While the property offers strong revenue potential, it may require additional investment to fully realize its potential. Buyers seeking immediate, high cash flow may find other options more suitable. • Investors Unfamiliar with Mixed-Use Properties: Managing a mixed-use property requires expertise in both residential and commercial real estate. Investors without this experience may face challenges in maximizing the property's value. • Buyers with Limited Capital for Improvements: While the property is well-maintained, further development and expansion may require additional capital. Buyers with limited funds for improvements may find it difficult to fully capitalize on the property's potential. • Risk-Averse Investors: The property's potential for further development and expansion also carries some level of risk. Investors who are highly risk-averse may prefer more stable, low-growth investments.