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628 & 705 Laurel Hill Road, Norwich, CT 06360
$1,000,000
628 & 705 Laurel Hill Road, Norwich, CT 06360View this property at 628 & 705 Laurel Hill Road, Norwich, CT 06360
628 & 705 Laurel Hill RoadNorwichCT06360
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Property Description
Welcome to a piece of history nestled along the picturesque banks of the Thames River 628 & 705 Laurel Hill Rd, offering stunning views of both nature's tranquility and the vibrant Mohegan Sun Casino. Formerly the Norwich State Hospital, this property is architecturally unique, historically significant, and strategically located. With former plans for a hotel, this expansive site holds promise for a myriad of possibilities on approximately 50 acres. Its prime location within the city's PDD zoning district offers a wide breadth of opportunity, allowing the prospective buyer to envision a project that could become a landmark in the area, bolstered by the presence of Mohegan Sun and the emerging Preston Riverwalk. The City of Norwich eagerly supports your vision, offering access to CIF fund application for special feasibility studies to unlock the property's highest and best use. Moreover, the Brownfield Municipal Grant Program is available for application in collaboration with the city, paving the way for a financially feasible project. Finally, should one be able to restore the property to its former architectural glory, the property would be an excellent candidate for state and federal tax credits. Adjacent to the massive Preston Riverwalk development, this property stands at the epicenter of a dynamic transformation spearheaded by the Mohegan Sun tribe. Completion of environmental remediation on the Preston Riverwalk is imminent, and in a few years.
Full Property Details
Full Property Details for 628 & 705 Laurel Hill Rd
General
- Price: $1,000,000
- Taxes: (July 2023-June 2024)
- Status: Active
- Type: Commercial Land
- MLS ID: 24019833
- Updated: 5/22/2024
- Added to Site: 24 day(s) ago
Location
- County: New London
- Driving Directions: Turn on Laurel
- Total Lots Available: 1
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric Available, Gas Available
Lot Features
- Lot Size (Acres): 50
- Frontage: Paved Road
- Frontage Feet: 10
- Land Improvements: None
- Zoning: PDD
- Lot Description: Level Lot
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: River
Financial Considerations
- Assessment Amount: $566,800
- Tax Year: July 2023-June 2024
Disclosures and Reports
- Documents Avail.: None
- Property ID: 9999999
Listed by Oxford Realty, Thuyan Tran
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Schools
Schools serving 628 & 705 Laurel Hill Rd
School District:Norwich School District
Rating | Name | Grades | Distance |
---|---|---|---|
80 Crouch Ave, Norwich, CT 06360 | K-5 | 0.8 mi | |
25 Mahan Dr, Norwich, CT 06360 | 6-8 | 3.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 628 & 705 Laurel Hill Rd
Date
Details
Price
Change
Source
5/22/2024
Listed
$1,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 628 & 705 Laurel Hill Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,177
-1%
$171,500
—
2022
$7,234
—
$171,500
—
2021
$7,263
—
$171,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 628 & 705 Laurel Hill Rd
628 & 705 Laurel Hill Road, Norwich, CT 06360 (MLS# 24019833) is a Commercial Land property with a lot size of 50 acres. 628 & 705 Laurel Hill Road is currently listed for $1,000,000 and was received on May 22, 2024. Want to learn more about 628 & 705 Laurel Hill Road? Do you have questions about finding other Commercial Land real estate for sale in Norwich? You can browse all Norwich real estate or contact a Coldwell Banker agent to request more information.