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50-54 N Main St 24,099 SF Specialty Building Offered at $650,000 in Jewett City, CT 06351
INVESTMENT HIGHLIGHTS
- Town-approved redevelopment plans for 43 residential units.
- High-demand rental market, making this a strong value-add or adaptive-reuse investment opportunity.
- Excellent option for developers seeking a large-scale multifamily conversion in a growing region.
- Financing available through Jewett City Bank, adding flexibility for developers.
- Strategically located 20 miles from Mohegan Sun, Foxwoods, and Norwich.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $650,000 | Building Class | C |
| Price Per SF | $26.97 | Lot Size | 2.50 AC |
| Sale Type | Investment or Owner User | Building Size | 24,099 SF |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1928 |
| Property Subtype | School |
| Price | $650,000 |
| Price Per SF | $26.97 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 2.50 AC |
| Building Size | 24,099 SF |
| No. Stories | 2 |
| Year Built | 1928 |
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PROPERTY TAXES
| Parcel Number | GRIS-000026-000010-000024 | Improvements Assessment | $973,000 |
| Land Assessment | $166,250 | Total Assessment | $1,139,250 |
PROPERTY TAXES
Parcel Number
GRIS-000026-000010-000024
Land Assessment
$166,250
Improvements Assessment
$973,000
Total Assessment
$1,139,250
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50-54 N Main St
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