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$ 1,050,000
Est. payment | /mo
51,414 SqFt
$ 1,050,000
Est. payment | /mo
51,414 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 51,414 sqft
Price per Sqft $20
MLS Listing ID 24056641
Year Built 1969
Annual Tax Amount $96,525
Lot Size 10.060 Acres
Property Description
INVESTORS AND DEVELOPERS TAKE NOTICE, BILL PASSED EFFECTIVE 10-1-24 PROVIDES MUNICIPALITIES ARE GENERALLY REQUIRED TO ALLOW NON-FUNCTIONING CONVALESCENT FACILITIES TO BE CONVERTED TO MULTIFAMILY HOUSING. Reach out for documents. Massive 51,414 gross square foot Commercial space located in Norwich, CT. This property is in need of renovation, has an exterior in overall good condition, previously used as a Convalescent/Nursing Home, yet has many possibilities per R-20 Zoning Regulations. Currently 40 parking spaces. NEWER: Sprinkler system, Generator system. The parcel consists of 10.06 Acres in a private setting - some wetlands are present. Ample parking surrounds the property with land for parking expansion. Reach out with questions, clients and client's agent to complete all due-diligence necessary for their project, conversion, and approvals.
Location
State CT
County New London
Zoning R20
Interior
Interior Features Elevator
Heating Hot Water
Cooling Ductless, Split System, Wall Unit
Exterior
Garage Paved, Off Street Parking
Utilities Available Electric, Gas, Cable, Fire Suppression System
Roof Type Asphalt Shingle,Flat
Building
Lot Description Some Wetlands, Treed, Dry, Level Lot
Story 2
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Steph Rush • RE/MAX Legends
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Ilka Torres
Broker | License ID: REB.0794005