New Listing - 10/29/2024
1969
51,414 sqft
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.
Status:
Active
Type:
Commercial
Units:
119
Zoning:
R20
Frontage:
Municipal Street,Paved Road
Garage:
Paved, Off Street Parking
Heating:
Hot Water
Cooling:
Ductless, Split System, Wall Unit
Parking:
40-car
Acreage:
10.06
Est. Taxes:
$96,525
Assessment
$2,903,000
Permitted Use
Multifamily Conversion
Utilities
Electric,Gas,Cable,Fire Suppression System
Lot Description:
Some Wetlands,Treed,Dry,Level Lot
Days on Market:
5
MLS #:
24056641
Community Info
School Info
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Listing courtesy of Steph Rush, RE/MAX Legends Email: realtor.srush@gmail.com