Griswold Multifamily Conversion
For Sale
$650,000
Pending
54 North Main St, Griswold, CT 06351
24,099 SF building with approved plans for 43 apartments.
Property Size14,543 SF
Days on Market165
Property Features for 54 North Main St
General Information
Standard status
Pending
Size
14,543 SF
Property subtype
Commercial
Building Details
Building Size
14,543 SF
Year Built
1928
Listing Agency:
US Properties
(615) 293-3878
Listed By:
Constance Howard · License #RES.0798067
(615) 293-3878
Source:
Elliman
Added: Mar 10
Changed: Aug 11
Last Checked: Aug 21 at 10:14AM
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 US Properties
Investment Insights
Based on property information with market context.
This is a 24,099 square foot commercial building, formerly St. Mary's School, featuring two stories and a full basement. The town has approved plans to convert the building into 43 apartments, consisting of 37 one-bedroom units and 6 two-bedroom units. The first floor will accommodate 13 units and will be handicap accessible. This property presents a redevelopment opportunity in an area with high demand for apartments. The location is 20 miles north of Mohegan Sun Casino, Foxwood Casino, and Norwich, and 30 miles from Electric Boat headquarters.
Key Highlights
- Town approved plans for conversion to 43 apartments (37 one‑bedroom, 6 two‑bedroom).
- Great re‑development opportunity in an area with high demand for apartments.
- 24,099 SF commercial building with 2 stories and full basement.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 24,099 SF building with approved plans for 43 apartments.
Where is this apartment building located?
The property is located at 54 North Main St Griswold, CT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Town approved plans for conversion to **43 apartments (37 one‑bedroom, 6 two‑bedroom)**.; Great re‑development opportunity in an area with high demand for apartments.; 24,099 SF commercial building with 2 stories and full basement.
