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$ 1,910,000
Est. payment | /mo
27,156 SqFt
$ 1,910,000
Est. payment | /mo
27,156 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 27,156 sqft
Price per Sqft $70
MLS Listing ID 24063751
Year Built 1927
Annual Tax Amount $34,000
Lot Size 2.500 Acres
Property Description
Attention developers and investors! Rare opportunity to acquire a former school building and convert it into a multifamily complex or condominiums. 18,600sf plus just under 9,000sf of finished basement space with abundant natural light. Average classrooms range from 600-800 sq. ft. Otis elevator, extensive ADA-compliant bathrooms, and ramps. Equipped with a natural gas boiler, central heat, hot water baseboard, newer windows and central air conditioning. Approx. 100 parking spaces 2.5-acre level lot with room to add garages for additional storage Sprinkler system, fire alarm and burglar alarm systems in place. 20 minutes from Foxwoods and Mohegan Sun, two of the largest entertainment destinations in the region. Only 2 minutes from I-395 This property is poised for significant appreciation with its high potential for redevelopment. Whether you're looking to create modern apartments, luxury condominiums, or a combination of both, the possibilities are endless. The current infrastructure and accessibility features are already in place, reducing the need for extensive upgrades. This is a once-in-a-lifetime opportunity to invest in a property with incredible upside potential. Interested buyers are encouraged to conduct their own diligence to verify all details and ensure this investment aligns with their vision.
Location
State CT
County Windham
Zoning RA19
Interior
Heating Hot Water
Cooling Central Air
Exterior
Parking Features Paved
Utilities Available Electric, Gas, Telephone, Fire Suppression System
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Anthony Chabot • Chabot & Associates Real Estate