628-705 Laurel Hill Road

Norwich, CT 06360

$1,000,000
Price
2,178,000 / 50
Lot Size / Acres

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...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.
  1. Listed by Thuyan Tran • Oxford Realty
    P: (203) 314-4219 C: (860) 308-6115 thuyan1tran@gmail.com

Property Details for 628-705 Laurel Hill Road

Direct Waterfront
Yes
Location
Highway Access

Location

Listing Courtesy of Oxford Realty, Thuyan Tran
Add your commute
LISTING UPDATED: 05/22/2024 07:38 PM

Property Details for 628-705 Laurel Hill Road

StatusActive
MLS #24019833
Days on Market26
Taxes$27,152 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Commercial Land
Year Built-
Lot Size50.00 AC
CountyNew London County

Location

Listing Courtesy of Oxford Realty, Thuyan Tran
Add your commute

Building Information for 628-705 Laurel Hill Road

Lot Size50.00 AC

Payment Calculator

$7,720 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$2,263

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 628-705 Laurel Hill Road

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Turn on Laurel
  • Flood Zone: No
  • Latitude: 41.49647
  • Longitude: -72.076336
  • State: Connecticut
HOA and Fees
  • Sewer Usage Fee Annual: $0
  • Tax Year: July 2023-June 2024
  • Property Tax: $27,152
Interior and Exterior Features
Exterior Features
  • Waterfront Description: River
Property
Property and Assessments
  • Road Frontage Approximate: 10
  • Road Frontage Description: Paved Road
  • Bank Owned Property: No
Lot Information
  • Documents Available: None
  • Lot Description: Level Lot
  • Lot Improvements: None
  • Parcel Number: 9999999
  • Zoning: PDD
Utilities
  • Sewage System: Public Sewer Connected
  • Sewer Assess Description: 0
  • Utilities Available: Electric Available, Gas Available
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Vacant
Building Details
  • Lots Number Of: 1

Schools near 628-705 Laurel Hill Road

This home is within Norwich School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - K to 5
Public - K to 5
Rating
School
Distance
Veterans' Memorial School
PublicK to 5

Kelly Middle School
Public6 to 8

Special Needs Program
PublicK to 5

Aba Autism Program
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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628-705 Laurel Hill Road is a 50 ac of land for sale in Norwich, CT 06360. This property was listed for sale on May 22, 2024 by Oxford Realty, it's currently listed at $1,000,000. This listing's school district is Norwich School District. Nearby schools include Veterans' Memorial School, Kelly Middle School and Special Needs Program. 628-705 Laurel Hill Road is a 0-bed, 0-bath, 50 ac of land on a 2,178,000 sq. ft. / 50 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Oxford Realty, Thuyan Tran

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.