For Sale
$400,000

28-30 Mason StCoventry, CT 06238

Prime Redevelopment Opportunity: 40,834 SF

Overview

Added:
Feb 3
Days on market:
60
This exceptional investment opportunity encompasses two historic mill buildings situated on a 1.74-acre lot at 28-30 Mason Street in Coventry, Connecticut. The combined square footage of both buildings totals 40,834 square feet, presenting significant potential for redevelopment. The property's zoning allows for a proposed 35-40 unit multi-family development, a project eligible for both state and federal tax credits, significantly enhancing the return on investment. One building is conveniently connected to public water and sewer lines, offering immediate utility access. The second building currently utilizes a well and septic system but possesses the infrastructure to readily connect to the public water and sewer lines running adjacent to the property. This dual-building configuration offers flexibility in development plans, allowing for phased construction or separate uses. The substantial size of the property, coupled with its historical character and redevelopment potential, makes this a rare and attractive proposition for investors seeking a high-impact project in a desirable Connecticut location. The property's location in Coventry offers access to local amenities and transportation routes, further enhancing its appeal. This is a unique chance to acquire a significant piece of Connecticut history and transform it into a thriving multi-family complex. The substantial square footage and acreage provide ample space for development, while the eligibility for tax credits minimizes financial risk and maximizes potential returns.

Property Details for 28-30 Mason St

Property type
Square Feet
40,834 SF
Year Built
1800
Lot Size (sq. ft)
75,794 SF

Location Insight

City
Coventry
County
Tolland
State
Connecticut
Latitude
41.76632
Longitude
-72.29898
28-30 Mason St, Coventry, Connecticut

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28-30 Mason St
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