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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 Under Contract
| 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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