Former School Approved for
For Sale
$650,000
Pending
54 North Main Street, Griswold, CT 06351
Two-story commercial building with approved plans for 43 apartments.
Property Size14,543 SF
Lot Size14,543.00 Acres
Days on Market266
Property Features for 54 North Main Street
General Information
Standard status
Pending
Size
14,543 SF
Lot size
14,543.00 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,519
Amenities
Asphalt Shingle Roof
Dry
Fiberglass Shingle Roof
Level Lot
Steam Heating
Building Details
Year Built
1928
Listing Agency:
US Properties
(860) 437-0101
Listed By:
CONSTANCE HOWARD · License #RES.0798067
Source:
Corcoran
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Jul 23 at 8:59AM
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 US Properties
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
312
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 - 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.**
