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$324,000

  • Sold
  • Closed
  • Office
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Fantastic opportunity! Prime Commercial Building with aprox. 3,700 sf of usable interior space located on the intersection of RT 149 and Rt16 in Westchester section of Colchester. SO MANY OPTIONS! The first floor of this classic 1840 Federal Colonial previously housed a medical practice. This space would be well suited to multiple professions and also has the potential to be transformed into a magnificent residence, highlighted by rich hardwood floors and three fireplaces. On the second floor, a 3 BR apartment provides an excellent source for rental income or as housing for an owner occupant. An extension of the main level (the Annex) is a third opportunity for lease income, or for an owner to operate their business. New roof installed in 2021, new septic 2014, and the annex has been remodeled with New Sheetrock, Plumbing and Electric. THERE'S MORE! This listing includes an adjoining .69 ac. parcel which had been approved for the development of a 7,000 sf professional building. With the perimiter of the parcel bordering 3 roads, traffic flow and visibility are tremendous.

Full Property Details for 514 Westchester Rd

General

  • Sold For: $324,000
  • Taxes: $6,843 (July 2022-June 2023)
  • Status: Closed
  • Type: Office
  • Source: SMARTMLS
  • MLS ID: 170539109
  • Added to Site: 1, 142 day(s) ago

Business

  • Business Type: Investment, Office, Residential Income

Parking

  • Parking: Paved, Unassigned Parking, Parking Lot
  • Garage Description: Paved, Unassigned Parking, Parking Lot

Location

  • County: New London
  • Driving Directions: Intersection of Route 149 and Route 16.
  • Location Details: Highway Access

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Baseboard, Radiator, Electric, Oil
  • Heating Fuel: Electric, Oil

Utilities

  • Sewer: Septic
  • Water: Private Well
  • Utility Description: Electric, Gas, Telephone, Cable
  • Onsite: Electric, Gas, Telephone, Cable

Structural Information

  • Exterior Const.: Frame
  • Roof: Asphalt Shingle
  • Disability Access: Ramps
  • Stories/Levels: 2
  • Stories in Building: 2
  • Square Feet: 5,724
  • Sq. Ft. Source: Public Records
  • Year Built: 1840

Unit Information

  • # Tenants: 3

Unit 1

  • Unit Description: Office
  • Total Bathrooms: 1
  • Partial Bathrooms: 1

Unit 2

  • Unit Description: 3 Bedrooms
  • Total Bathrooms: 1

Unit 3

  • Unit Description: Office
  • Total Bathrooms: 1
  • Partial Bathrooms: 1

Lot Features

  • Lot Size (Acres): 2.09
  • Frontage: State Road
  • Street/Road Desc.: State Road
  • Zoning: MDL-01
  • Lot Description: Corner Lot, Level Lot

Financial Considerations

  • Assessment Amount: $252,700
  • Tax Amount: $6,843
  • Tax Year: July 2022-June 2023

Disclosures and Reports

  • Documents Avail.: Brochure, Lead Disclosure
  • Property ID: 1458582

Listed by Carl Guild & Associates, Wendy A Lang
Sold by Century 21 AllPoints Realty, James Celio

Listing agent

— 514 Westchester Rd —

  • Wendy A Lang

    Carl Guild & Associates

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 514 Westchester Rd

School District:Colchester School District
NameGradesDistance
Jack Jackter Intermediate School
215 Halls Hill Road, Colchester, CT 06415
3-55.1 mi
Colchester Elementary School
315 Halls Hill Road, Colchester, CT 06415
PK-25.4 mi
William J. Johnston Middle School
360 Norwich Avenue, Colchester, CT 06415
6-85.3 mi
Bacon Academy
611 Norwich Avenue, Colchester, CT 06415
9-126.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 514 Westchester Rd

Date
Details
Price
Change
Source
2/10/2023
Sold
$324,000
-7.4%
MLS
12/03/2022
Listed
$349,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Carl Guild & Associates, Wendy A Lang
Sold by Century 21 AllPoints Realty, James Celio

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514 Westchester Road, Colchester, CT 06415 (MLS# 170539109) is a Office property that was sold at $324,000 on February 10, 2023. Want to learn more about 514 Westchester Road? Do you have questions about finding other Office real estate for sale in Colchester? You can browse all Colchester real estate or contact a Coldwell Banker agent to request more information.