16 Dr Foote Rd Colchester, CT 06415

This mixed-use property in Colchester offers a rare opportunity for ownership. The property, owned by the same family for over 40 years, spans over 8 acres and includes two buildings. Building One is a mixed-use residential and commercial building featuring Unit #1 with 2 bedrooms and 1 bathroom, Unit #2 with 2 bedrooms and 2 bathrooms, and Studio #3 with a shower and sink/cabinet area but 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 over 3000 square feet of space available for rent. Building Two is an industrial warehouse located at the rear of the property, offering over 13,000 square feet of industrial space. It is currently leased to a long-term tenant through 2028. The space can be subdivided and leased to additional tenants, increasing income potential. Recent capital improvements include a new roof, updated HVAC systems, and modernized electrical and water heating equipment. Situated on over 8 acres with significant Main Street frontage, this property presents an exceptional opportunity for expansion or redevelopment with subdivision potential, subject to investor due diligence. Ample parking and open land create ideal conditions for additional structures or reimagined site use. The property is positioned near major highways, shopping centers, and local amenities.