60 Crouch Ave Norwich, CT 06360-7329
Property profile & analytics
60 Crouch Ave, Norwich, CT 06360-7329
- Showrooms
- 32,963 SF
- 10.06 lot acres
Property ID
US15-0557474
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Three Rivers Healthcare / Nursing Home
- Hong Cornelius MD / Physician
- Alessandro Joseph DO / Physician
- Rasool Altaf MD / Physician
Property Details for 60 Crouch Ave
- Year built
- 1969
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 10.06 lot acres
- Zone code
- R20
- Property type
- Showrooms
- APN
- NORW M:125 B:2 L:13
- APU
- NORWM125B2L13
Description
This exceptional 10.06-acre property at 60 Crouch Avenue in Norwich, CT, presents a unique investment opportunity. The substantial 51,414-square-foot building, previously used as a convalescent/nursing home, offers immense potential for redevelopment. A recently passed municipal ordinance (effective October 1, 2024) facilitates the conversion of non-functioning convalescent facilities into multifamily housing, making this site particularly attractive. The building's exterior is in good condition, though interior renovation is required. The property boasts 40 existing parking spaces with ample land for expansion. Key features include a newer sprinkler system and generator, ensuring safety and functionality. The site's private setting offers a tranquil atmosphere, although some wetlands are present on the property. The R-20 zoning regulations should be reviewed for permitted uses. This substantial property provides a rare chance to capitalize on a burgeoning market and create a significant return on investment. All necessary due diligence is recommended before purchase. Detailed documentation is available upon request. This is an exceptional opportunity for developers and investors seeking a large-scale project with significant upside.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,866,000
- AI Estimate
- $3,381,000
Market price range: $1.11M - $2.87MMarket price range: $1.36M - $3.66M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,065,000 Current use
- OFFICE BUILDING
- $4,525,000 Change: +119% Conversion: Easy
- RETAIL STORES
- $3,675,000 Change: +78% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,410,000 Change: +17% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $2,015,000 Change: -2% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- New London
- State
- Connecticut
- Longitude
- -72.0711
- Latitude
- 41.5054
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$96,525
$749,700
$2,153,300
$2,903,000
-
$0.00
$0.00
$0.00
