Building Details

Year Built 1870

Stories 2

Units 1

Listing Agency: JJManning Auctioneers

Listed By: Justin Manning Show Phone

Source: Crexi

Added: Jun 2 Changed: Aug 31 Last Checked: Sep 2 at 3:28PM

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Investment Insights

Based on property information with market context.

28 Mason St. consists of a 2-story historic mill building built in 1870, situated on approximately 0.74+/- acres. The property is zoned VC and is served by septic, along with public water and public sewer.

This offering is being sold in the entirety as part of a two-building package that also includes 30 Mason St. The combined assemblage is proposed for 35-40 multifamily units and is described as eligible for state and federal tax credits. An on-site absolute auction is scheduled for Thursday, July 16 at 12:00 PM, with a property tour on Thursday, July 9 from 12:00 PM to 2:00 PM.

For buyers and operators evaluating a multifamily conversion or redevelopment, this asset provides an established mill-building framework with VC zoning and site utilities that include septic plus public water and sewer. As with any conversion project, interested parties should conduct due diligence regarding feasibility, final unit configuration, and the basis for any applicable tax credit eligibility.

Key Highlights

• Two historic mill buildings (2‑property package) proposed for a 35–40 unit multi‑family development
• 28 Mason St.: 10,074+/- SF, 2‑story mill building on .74+/- ac; zoned VC; utilities include septic and public water/sewer; built 1870
• 30 Mason St.: 30,760+/- SF, 3‑story mill building on 1+/- ac; zoned VC; utilities include public water and sewer; built 1800

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Repair Shop Hair Salon Spa & Massage Center Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

40

Residential units

Location Intelligence

Trade Area within ½ mile

131

Businesses Nearby

Explore this area Business Placement

Demographics for 06238, CT

12,235

Population

5,120

Households

2.4

Avg Household Size

44

Median Age

44%

College-Educated

97%

High-School Grad

37.6 sq mi

ZIP Area

325

Density / Sq Mi

$104,953

Median Household Income

$61,480

Median Earnings

$1,350

Median Rent

$318,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Two-story mill building in a two-property package, zoned VC with septic and public water/sewer services.

Where is this apartment building located?

The property is located at 28 MASON ST Coventry, CT.

What are key features of this property?

This property features: Two historic mill buildings (2‑property package) proposed for a 35–40 unit multi‑family development; 28 Mason St.: 10,074+/- SF, 2‑story mill building on .74+/- ac; zoned VC; utilities include septic and public water/sewer; built 1870; 30 Mason St.: 30,760+/- SF, 3‑story mill building on 1+/- ac; zoned VC; utilities include public water and sewer; built 1800