514 Westchester Road Colchester, CT 06415

Fantastic opportunity! Prime Commercial Building with aprox. 3,700 sf of usable interior space located on the intersection of RT 149 and Rt16 in Westchester section of Colchester. SO MANY OPTIONS! The first floor of this classic 1840 Federal Colonial previously housed a medical practice. This space would be well suited to multiple professions and also has the potential to be transformed into a magnificent residence, highlighted by rich hardwood floors and three fireplaces. On the second floor, a 3 BR apartment provides an excellent source for rental income or as housing for an owner occupant. An extension of the main level (the Annex) is a third opportunity for lease income, or for an owner to operate their business. New roof installed in 2021, new septic 2014, and the annex has been remodeled with New Sheetrock, Plumbing and Electric. THERE'S MORE! This listing includes an adjoining .69 ac. parcel which had been approved for the development of a 7,000 sf professional building. With the perimiter of the parcel bordering 3 roads, traffic flow and visibility are tremendous.