Shopping Neighborhood
AUCTION - Grand Union Plaza
54 East Main Street, Norwich, NY 13815
Starting Bid: $500,000
Investment Overview
Grand Union Plaza offers investors an exceptional opportunity to acquire an 85,453-square-foot shopping center situated in Norwich, New York.
Located in the heart of downtown, 54 E Main Street is a well-kept neighborhood retail center anchored by a dark Grand Union Supermarket, whose lease runs through March 31, 2030—providing four years of guaranteed income while an investor secures a new replacement anchor. The center features a diverse mix of shops, service providers, and medical offices, creating steady daily traffic and a convenient destination for the surrounding community.
Starting Bid: $500,000
Investment Highlights
- Value-Add Opportunity with 15% of the GLA Available for Lease-Up
- Strategic Location with Excellent Visibility
- Consumer Spending Exceeding $140 Million Annually
Investment Overview
Grand Union Plaza offers investors an exceptional opportunity to acquire an 85,453-square-foot shopping center situated in Norwich, New York. Located in the heart of downtown, 54 E Main Street is a well-kept neighborhood retail center anchored by a dark Grand Union Supermarket, whose lease runs through March 31, 2030—providing four years of guaranteed income while an investor secures a new replacement anchor. The center features a diverse mix of shops, service providers, and medical offices, creating steady daily traffic and a convenient destination for the surrounding community.
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