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16 Dr Foote Rd 23,866 SF 100% Leased Flex Building Colchester, CT 06415 $1,100,000 ($46.09/SF)
EXECUTIVE SUMMARY
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. 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. 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 due-diligence). 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, this property combines location, flexibility, and income-generating all in one investment.
PROPERTY FACTS
| Price | $1,100,000 | Lot Size | 9.82 AC |
| Price Per SF | $46.09 | Rentable Building Area | 23,866 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Flex | Year Built | 1940 |
| Property Subtype | Light Manufacturing | Parking Ratio | 1.35/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Zoning | Commercial | ||
| Price | $1,100,000 |
| Price Per SF | $46.09 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 9.82 AC |
| Rentable Building Area | 23,866 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 1.35/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| Zoning | Commercial |
AMENITIES
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | COLC-000012-000000-000013 | Improvements Assessment | $525,300 |
| Land Assessment | $267,300 | Total Assessment | $792,600 |
PROPERTY TAXES
Parcel Number
COLC-000012-000000-000013
Land Assessment
$267,300
Improvements Assessment
$525,300
Total Assessment
$792,600
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16 Dr Foote Rd
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