List Price

$1,000,000

Status

Active

Type

Lots and Land

Beds

-

Baths

-

Sq. Ft.

0

Built

-

Acres

50.00

$ / Sq. Ft.

-

FeeKeeper

108

Style

-

Taxes

$27,152

Nearby Schools
Neighborhood
Tranquility
Market Insights
Property History

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.

Home Tours

Our no-obligation tours are hassle free, just pick a date and time. Open houses are a great way to SAVE, just add to your calendar and show up.
  • Open House
  • Showing
  • Virtual Tour

You Keep The Fee

Estimated rebate calculated using List Price and co-broker commission offered on the MLS. Realtor commission rebates are not available where prohibited by law. See full Terms and Conditions .

$20,000

$1,000,000 • 2.00%

Make Offer

Questions

FeeKeeper is here to help, reach out with any questions you may have.

(860) 310-1255

Brokered By

Thuyan Tran, Oxford Realty

  • Last Checked 1 Minute
  • Last MLS Update 23 Days

Payment Calculator

30 year fixed, X.XX% Interest

Purchase Price

Down Payment

Recently Sold


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.