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    28-30 Mason St Coventry, CT 06238

    For Sale
    $400,000

    Two historic mill buildings suitable for multi-family conversion.

    Lot size:
    1.74 Acres

    Property Features for 28-30 Mason St

    General Information

    Lot size
    1.74 Acres

    Building Details

    Year built
    1800

    Source: Lyman Real Estate Agent Ron Lyman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two Historic Mill Buildings

    Two historical mill buildings are proposed for a 35 to 40 unit multi-family development. The properties are eligible for State and Federal Tax Credits. The two historic mills have a combined area of 40,834 square feet and a combined lot size of 1.74 acres. One building is connected to public water and sewer. The other building has a well and septic system but is able to connect to public water and sewer, which runs in front of the building.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.298904
    Latitude
    41.766447

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    FAQs

    What type of property is this?
    Apartment building - Two historic mill buildings suitable for multi-family conversion.
    Where is this apartment building located?
    The property is located at 28-30 Mason St Coventry, CT.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Eligible for State & Federal Tax Credits; - Two Historic Mill Buildings; - Proposed 35-40 Multi-Family Units
    (860) 884-4666
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    28-30 Mason St Coventry, CT 06238
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28-30 Mason St Coventry, CT 06238
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