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- LoopNet Team
628 & 705 Laurel Hill Rd
Norwich, CT 06360
Land For Sale
·
50.00 AC
INVESTMENT HIGHLIGHTS
- PRIME LOCATION
- Presence of Mohegan Sun and the emerging Preston Riverwalk
- 50 Acres | PDD Zone
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 50.00 AC |
| Property Subtype | Commercial | ||
| Zoning | PDD | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 50.00 AC |
| Zoning | PDD |
DESCRIPTION
Welcome to a piece of history nestled along the picturesque banks of the Thames River 628 & 705 Laurel Hill Rd, offering stunning views of both nature's tranquility and the vibrant Mohegan Sun Casino. Formerly the Norwich State Hospital, this property is architecturally unique, historically significant, and strategically located. With former plans for a hotel, this expansive site holds promise for a myriad of possibilities on approximately 50 acres. Its prime location within the city’s PDD zoning district offers a wide breadth of opportunity, allowing the prospective buyer to envision a project that could become a landmark in the area, bolstered by the presence of Mohegan Sun and the emerging Preston Riverwalk. The City of Norwich eagerly supports your vision, offering access to CIF fund application for special feasibility studies to unlock the property's highest and best use. Moreover, the Brownfield Municipal Grant Program is available for application in collaboration with the city, paving the way for a financially feasible project. Finally, should one be able to restore the property to its former architectural glory, the property would be an excellent candidate for state and federal tax credits.
PROPERTY TAXES
| Parcel Number | NORW-000134-000001-000008 | Improvements Assessment | $79,200 |
| Land Assessment | $417,600 | Total Assessment | $496,800 |
PROPERTY TAXES
