628 & 705 Laurel Hill Road, Norwich, CT, 06360
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.
Status:
Active
Type:
Lot / Acreage
Zoning:
PDD
Frontage:
Paved Road
Acreage:
50
Est. Taxes:
$27,152
Assessment
$566,800
Utilities
Electric Available,Gas Available
Lot Description:
Level Lot
Waterfront:
Yes
Days on Market:
24
MLS #:
24019833
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Thuyan Tran, Oxford Realty Email: thuyan1tran@gmail.com