$1,100,000

16 Dr Foote Road, Colchester, CT 06415

  • 6 baths |
  • 22,609 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon8.11acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $49/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Exceptional Mixed-Use Property in the Heart of Colchester. A rare opportunity to own a well-maintained, income-producing property with strong development potential. Proudly owned by the same family for over 40 years, this versatile property spans over 8 acres and includes two distinct buildings. Building One: Mixed-Use Residential & Commercial: Unit #1: 2 Bedrooms / 1 Bathroom. Unit #2: 2 Bedrooms / 2 Bathrooms. Studio#3: Includes a shower and sink/cabinet area (no full kitchen). Each unit (except the studio) is separately metered for utilities. The two commercial units in Building One are currently leased and there is about over 3000SF space available for rent. Building Two: Industrial Warehouse: Located at the rear of the property, this expansive structure offers 13,000+SF of industrial space. It is currently leased to a long-term tenant through 2028.The space can be subdivided and leased to additional tenants, significantly increasing income potential. Recent Capital Improvements: New Roof, Updated HVAC Systems, Modernized Electrical & Water Heating Equipment. Situated on 8+ acres with significant Main Street frontage, this property presents exceptional opportunity for expansion or redevelopment: Subdivision potential (investor to perform duediligence). Ample parking and open land create ideal conditions for additional structures or reimagined site use. Perfectly positioned near major highways, shopping centers, and local amenities.location.

Listing Status:
Active
Date Added:
April 25, 2025 at 01:30PM
Listing Office:
Berkshire Hathaway NE Prop. : (860) 633-3674
Listing Agent:
Nadia Goracy : (617) 899-8202
MLS ID:
24088946
  • A/C: Central Air
  • Heating: Gas on Gas

This listing courtesy of Nadia Goracy, Berkshire Hathaway NE Prop.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

Jack Jackter Intermediate School

215 Halls Hill Rd, Colchester, CT, 06415

Grades 3-5

0.51 miles away

W

William J. Johnston Middle School

360 Norwich Ave, Colchester, CT, 06415

Grades 6-8

0.69 miles away

B

Bacon Academy

611 Norwich Ave, Colchester, CT, 06415

Grades 9-12

1.50 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.