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$ 1,100,000
Est. payment /mo
New
16 Doctor Foote Road Colchester, CT 06415
5 Beds
5 Baths
10,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $110
MLS Listing ID 24132386
Style Units on different Floors,Units are Side-by-Side
Bedrooms 5
Full Baths 5
Year Built 1940
Annual Tax Amount $23,715
Lot Size 8.110 Acres
Property Sub-Type Other
Property Description
Exceptional Mixed-Use Property in the Heart of Colchester. A rare opportunity to own a well-maintained, income-producing property with strong development potential. Proudly owned by the same family for over 40 years, this versatile property spans over 8 acres and includes two distinct buildings. Building One: Mixed-Use Residential & Commercial: Unit #1: 2 Bedrooms / 1 Bathroom. Unit #2: 2 Bedrooms / 2 Bathrooms. Studio#3: Includes a shower and sink/cabinet area (no full kitchen). Each unit (except the studio) is separately metered for utilities. The two commercial units in Building One are currently leased and there is about over 3000SF space available for rent. Building Two: Industrial Warehouse: Located at the rear of the property, this expansive structure offers 13,000+SF of industrial space. It is currently leased to a long-term tenant through 2028.The space can be subdivided and leased to additional tenants, significantly increasing income potential. Recent Capital Improvements: New Roof, Updated HVAC Systems, Modernized Electrical & Water Heating Equipment. Situated on 8+ acres with significant Main Street frontage, this property presents exceptional opportunity for expansion or redevelopment: Subdivision potential (investor to perform duediligence). Ample parking and open land create ideal conditions for additional structures or reimagined site use. Perfectly positioned near major highways, shopping centers, and local amenities.location.
Location
State CT
County New London
Zoning TC
Rooms
Basement None
Interior
Heating Other
Cooling Central Air
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Shy Grahame • Berkshire Hathaway NE Prop.
