INVESTMENT PROPERTY AVAILABLE IN CT
Asking Price: $6,750,000.00
ABOUT PROPERTY:
Approximately 350 total acres in beautiful Norwich, Connecticut – Learn More about Norwich below.1.5 miles of frontagebetween development and Route I-395Approximately 30 acres of usable commercial property, located less than a ½ mile off of Route 395.Located in the middle of the two largest Indian Casinos in the country with more than 80,000 combined visitors daily.
About Norwich, Connecticut:
Located in southeastern Connecticut, Norwich is a vibrant community with a beautiful harbor on the convergence of the Thames, Shetucket and Yantic Rivers. Norwich boasts outstanding cultural attractions including two museums and numerous festivals as well as an excellent education system which includes Norwich Public Schools and Norwich Free Academy. Settled: 1659 Incorporated: 1784 Population (2009): 38,071 Square mile area:27.1Median household income (2009): $48,505
Median age (2009): 39
Town Mill Rate (Grand List 10/1/2009): Town Mill Rate (Blue Field Cards) – 24.40City Mill Rate (Grand List 10/1/2009) (Yellow Field Cards) – 28.02 Fiscal Year 2010-11 General Fund Budget: $102,646,823 Expenditures: Education $62,952,966 Other: $39,693,857
Government: 10 voting districts represented by 6 City Councilors and Mayor elected from general populous. City Manager is paid administrator.
Schools: 7 Elementary Schools, 2 Middle Schools, 1 High School, 1 Alternate High School
Permitted uses:
Open space/parks
Governmental offices
Health clubs
Technology research and industries, including information technology, computers and software
Healthcare technology research and industries, including advanced medical equipment, pharmaceuticals, biotechnology facilities
Hotels, inns, and resorts (the Resort is approved under this section)
Other permitted uses:
Restaurants. Drive-thru facilities are not permitted
Colleges, universities, educational institutions
Garden apartments, townhouses, and high-rise apartments provided that they are accessory to a principal use (the housing component of the Resort is approved under this section)
Retail uses and retail/wholesale distribution centers
Child care facilities
Helipad as an accessory to a principal use
INTERESTED?? - CALL PHIL @ 516-647-4289
For Buyers