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651 Norwich Rd 27,156 SF Specialty Building Offered at $1,910,000 in Plainfield, CT 06374
EXECUTIVE SUMMARY
Attention developers and investors! Rare opportunity to acquire a former school building and convert it into a multifamily complex or condominiums. 18,600sf plus just under 9,000sf of finished basement space with abundant natural light. Average classrooms range from 600-800 sq. ft. Otis elevator, extensive ADA-compliant bathrooms, and ramps. Equipped with a natural gas boiler, central heat, hot water baseboard, newer windows and central air conditioning. Approx. 100 parking spaces 2.5-acre level lot with room to add garages for additional storage Sprinkler system, fire alarm and burglar alarm systems in place. 20 minutes from Foxwoods and Mohegan Sun, two of the largest entertainment destinations in the region. Only 2 minutes from I-395 This property is poised for significant appreciation with its high potential for redevelopment. Whether you're looking to create modern apartments, luxury condominiums, or a combination of both, the possibilities are endless. The current infrastructure and accessibility features are already in place, reducing the need for extensive upgrades. This is a once-in-a-lifetime opportunity to invest in a property with incredible upside potential. Interested buyers are encouraged to conduct their own diligence to verify all details and ensure this investment aligns with their vision.
PROPERTY FACTS
| Price | $1,910,000 | Building Class | B |
| Price Per SF | $70.33 | Lot Size | 2.50 AC |
| Sale Type | Investment | Building Size | 27,156 SF |
| Property Type | Specialty | No. Stories | 3 |
| Property Subtype | School | Year Built | 1927 |
| Zoning | RA19 - Residential | ||
| Price | $1,910,000 |
| Price Per SF | $70.33 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 2.50 AC |
| Building Size | 27,156 SF |
| No. Stories | 3 |
| Year Built | 1927 |
| Zoning | RA19 - Residential |
PROPERTY TAXES
| Parcel Number | PLAI-000002P-000025-000001 | Improvements Assessment | $1,620,470 |
| Land Assessment | $44,280 | Total Assessment | $1,664,750 |
PROPERTY TAXES
Parcel Number
PLAI-000002P-000025-000001
Land Assessment
$44,280
Improvements Assessment
$1,620,470
Total Assessment
$1,664,750
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651 Norwich Rd
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