50-54 N Main St - Schools FOR SALE
Jewett City, CT 06351 |
$650,000 USD
615-293-3878
50-54 N Main St
Jewett City, CT 06351
HIGHLIGHTS
- Town-approved redevelopment plans for 43 residential units.
- Financing available through Jewett City Bank, adding flexibility for developers.
- High-demand rental market, making this a strong value-add or adaptive-reuse investment opportunity.
- Strategically located 20 miles from Mohegan Sun, Foxwoods, and Norwich.
- Excellent option for developers seeking a large-scale multifamily conversion in a growing region.
OVERVIEW
24,099 SF commercial building (formerly St. Mary's School) with 2 stories and full basement. Town approved plans to convert to 43 apartments. 37 one-bedroom and 6 two-bedroom units. 13 units on the first floor, handicap accessible. Financing available through Jewett City Bank. Great re-development opportunity in an area with high demand for apartments. Located 20 miles north of Mohegan Sun Casino, Foxwood Casino, Norwich and 30 miles from Electric Boat headquarters.
FOR SALE DETAILS
PRICE
$650,000 USD
PRICE/SF
$27 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
-
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Schools
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1928
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.5 AC
LAND SF
108,900 SF
ZONING
-
APN/PARCEL ID
GRIS-000026-000010-000024
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615-293-3878
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615-293-3878
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