Two-Story Apartment Building with Full
For Lease
$650,000
54 N Main St, Griswold, CT 06351
Town-approved plans call for 43 apartments, including 37 one-bed and 6 two-bed units, in a 2-story building with full basement.
Space SizeContact for details
Property Size24,099 SF
Days on Market297
Property Features for 54 N Main St
General Information
Standard status
Active
Size
24,099 SF
Taxes and HOA fees
Annual Taxes
$4,519
Building Details
Stories
2
Building Size
24,099 SF
Listing Agency:
U.S. Properties Real Estate Services, LLC
(860) 437-0101
Listed By:
Constance Howard · License #RES.0798067
(615) 293-3878
Source:
Exprealty
Added: Nov 21, 2025
Changed: Sep 10
Last Checked: Sep 13 at 11:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of U.S. Properties Real Estate Services, LLC
Investment Insights
Based on property information with market context.
This two-story commercial building with a full basement totals 24,099 SF and was formerly St. Mary’s School. The town has approved plans to convert the property into 43 apartments, including 37 one-bedroom units and 6 two-bedroom units. Thirteen units are on the first floor, and the project includes handicap accessibility.
The building is located at 54 N Main St in Griswold, Connecticut. Financing is available through Jewett City Bank. The property is positioned about 20 miles north of Mohegan Sun Casino and Foxwoods Casino and roughly 20 miles north of Norwich, with Electric Boat headquarters about 30 miles away.
For redevelopment-focused operators and housing providers, the approved multifamily conversion plan defines the end-user unit mix and helps guide the scope from existing school-era improvements into a rental apartment configuration.
The building is located at 54 N Main St in Griswold, Connecticut. Financing is available through Jewett City Bank. The property is positioned about 20 miles north of Mohegan Sun Casino and Foxwoods Casino and roughly 20 miles north of Norwich, with Electric Boat headquarters about 30 miles away.
For redevelopment-focused operators and housing providers, the approved multifamily conversion plan defines the end-user unit mix and helps guide the scope from existing school-era improvements into a rental apartment configuration.
Key Highlights
- 24,099 SF two‑story building with full basement
- Town‑approved plans for 43 apartments
- 37 one‑bedroom units plus 6 two‑bedroom units
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
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Business Placement
Demographics for 06351, CT
15,609
Population
6,864
Households
2.3
Avg Household Size
44
Median Age
19%
College-Educated
93%
High-School Grad
52.5 sq mi
ZIP Area
297
Density / Sq Mi
$84,107
Median Household Income
$46,649
Median Earnings
$1,115
Median Rent
$276,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Town-approved plans call for 43 apartments, including 37 one-bed and 6 two-bed units, in a 2-story building with full basement.
Where is this apartment building located?
The property is located at 54 N Main St Griswold, CT.
What is the lease rate?
The lease rate is $650,000.
What are key features of this property?
This property features: 24,099 SF two‑story building with full basement; Town‑approved plans for 43 apartments; 37 one‑bedroom units plus 6 two‑bedroom units
