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60 Crouch Ave - Saint Christopher Health Center 51,414 SF Health Care Building Offered at $1,050,000 in Norwich, CT 06360

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INVESTMENT HIGHLIGHTS

Building consists of 32,963 usable square footage.
R-20 Zoning Regulations
parcel consists of 10.06 Acres

Located on a dead end Street
NEWER: Sprinkler system, Generator system
Potential of Residential Variance to current R-20 property-use regulations

EXECUTIVE SUMMARY

INVESTORS AND DEVELOPERS TAKE NOTICE. Massive 32,963 usable square foot Commercial space located in Norwich, CT. This property is in need of renovation, with an exterior is in great condition, previously used as a Convalescent/Nursing Home, with many possibilities per R-20 Zoning Regulations. NEWER: Sprinkler system, Generator system. The parcel consists of 10.06 Acres in a private setting and dead end street - some wetlands are present. Ample parking surrounds the property with land for possible expansion. Currently R-20 Zoning Regulations: Convalescent, nursing, Rehabilitation Facilities, nursing homes, government facilities, hospitals and sanitariums, Philanthropic, educational, recreational, religious, by a non-profit, Public or Private Educational institutions, public utility facilities. Reach out with questions, buyer & buyer's agent to complete all due diligence necessary for desired project.

PROPERTY FACTS Under Contract

Price	$1,050,000	Lot Size	10.06 AC
Price Per Bed	$8,824	Building Size	51,414 SF
Sale Type	Investment	No. Beds	119
Sale Conditions	Distress Sale 1031 Exchange Deferred Maintenance Redevelopment Project	No. Stories	2
Property Type	Health Care	Year Built	1969
Property Subtype	Skilled Nursing Facility Healthcare Assisted Living Healthcare Congregate SeniorHousing Healthcare Rehabilitation Center	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C
Zoning	R20 - Convalescent, rehabilitation centers and nursing homes. Government facilities. Hospitals and sanitariums. Variance for Residential-Use Possible.

Price	$1,050,000
Price Per Bed	$8,824
Sale Type	Investment
Sale Conditions	Distress Sale 1031 Exchange Deferred Maintenance Redevelopment Project
Property Type	Health Care
Property Subtype	Skilled Nursing Facility Healthcare Assisted Living Healthcare Congregate SeniorHousing Healthcare Rehabilitation Center
Building Class	C
Lot Size	10.06 AC
Building Size	51,414 SF
No. Beds	119
No. Stories	2
Year Built	1969
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R20 - Convalescent, rehabilitation centers and nursing homes. Government facilities. Hospitals and sanitariums. Variance for Residential-Use Possible.