60 Crouch Ave Norwich, CT 06360

This exceptional 10.06-acre property at 60 Crouch Avenue in Norwich, CT, presents a unique investment opportunity. The substantial 51,414-square-foot building, previously used as a convalescent/nursing home, offers immense potential for redevelopment. A recently passed municipal ordinance (effective October 1, 2024) facilitates the conversion of non-functioning convalescent facilities into multifamily housing, making this site particularly attractive. The building's exterior is in good condition, though interior renovation is required. The property boasts 40 existing parking spaces with ample land for expansion. Key features include a newer sprinkler system and generator, ensuring safety and functionality. The site's private setting offers a tranquil atmosphere, although some wetlands are present on the property. The R-20 zoning regulations should be reviewed for permitted uses. This substantial property provides a rare chance to capitalize on a burgeoning market and create a significant return on investment. All necessary due diligence is recommended before purchase. Detailed documentation is available upon request. This is an exceptional opportunity for developers and investors seeking a large-scale project with significant upside.