Building Details

Year Built 1928

Listing Agency: U.S. Properties Real Estate Services, LLC Show Phone

Listed By: CONSTANCE HOWARD · License #RES.0798067 Show Phone

Source: Corcoran

Added: Nov 21, 2025 Changed: Oct 1 Last Checked: Oct 1 at 11:25AM

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Investment Insights

Based on property information with market context.

This is a 24,099 square foot, two-story commercial building with a full basement, formerly St. Mary's School. It has town-approved plans to convert the building into 43 apartments, consisting of 37 one-bedroom and 6 two-bedroom units. The first floor will house 13 units and be handicap accessible. The property presents a redevelopment opportunity in an area with high demand for apartments. The building is located 20 miles north of Mohegan Sun Casino, Foxwood Casino, and Norwich, and 30 miles from Electric Boat headquarters. Financing is available through Jewett City Bank.

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.
• 13 handicap accessible units on the first floor.**

Property Analytics

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Current Use

Post Office Post Office United States Postal ... Post Office Mobile Pantry Church Pyro Audio Recording Studio Ashley Krzywicki, LMFT Crisis Center

Suggested Use

Top Pick Dental Office Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store HVAC Service Storage Facility

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

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Two-story commercial building with approved plans for 43 apartments.

Where is this apartment building located?

The property is located at 54 North Main Street 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.; 13 handicap accessible units on the first floor.**