39
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$1,300,000
Est. payment /mo
6 Baths
22,609 SqFt
Active
16 Dr Foote Road Colchester, CT 06415
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 22,609 sqft
Price per Sqft $57
MLS Listing ID 24088946
Full Baths 6
Year Built 1940
Annual Tax Amount $22,724
Lot Size 8.110 Acres
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
Interior
Heating Gas on Gas
Cooling Central Air
Exterior
Utilities Available Electric, Gas, Cable
Roof Type Asphalt Shingle,Composition
Building
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Nadia Goracy • Berkshire Hathaway NE Prop.