97 Main StVernon, CT 06066

Property Details for 97 Main St

Year built

1880

Construction

STEEL FRAME

Lot size

0.68 AC

Property size (Sq ft)

11,596 SF

Zone code

R-27

Property type

Office properties

Property subtype

Office buildings

APN

VERN M:01 B:158A L:00013

APU

VERNM01B158AL00013

Description

This exceptional 13,475 square foot property located at 97 Main Street, Vernon, CT, presents a unique investment opportunity. The building, formerly the historic Talcott Brothers Schoolhouse, sits on a 0.68-acre lot within the charming Talcottville Historic District. Its prime location offers easy access to Interstate 84 and benefits from a walkable neighborhood with nearby retail, restaurants, and a trail system. The exterior has undergone a significant restoration, boasting a brand new 50-year guaranteed GAF roof with full ice and water barrier, new sheathing and gutters, and substantially all new custom windows by GreenMountain. The brickwork and chimney have been expertly repointed, and the bell tower features a new slate roof. All asbestos has been removed, with reports available upon request. The interior has been substantially gutted, providing a blank canvas for a variety of uses. Ample on-site parking is available, and multiple water mains serve the property. Potential uses include a large historic home with a private gymnasium or multifamily conversion (subject to zoning approval). Seller financing may be considered for qualified buyers. This property offers a rare blend of history, functionality, and location, making it an ideal investment for discerning buyers. The asking price is $795,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,917,165

  6.5%

  $1,769,691

  7%

  $1,643,284

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,515,133

  Geo Method

  $1,515,133

• Alternative Use

  Use

  Valuation

  Residential

  $2,194,417

  Hospitality

  $2,010,074

  Educational

  $1,672,358

  Medical

  $1,729,873

  Retail

  $2,601,446

Location Insight

City

Vernon

County

Tolland

State

Connecticut

Latitude

41.819

Longitude

-72.501

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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