35 Oakland Street

Highlights:

• Annual Tax: $ 11283.0

Description:

Rare opportunity for many uses including multiple residential units. This unique historic mill offers 5 stories and approx. 30,800 sq. feet suited for conversion into residential apartments. Over the last 136 years this building has witnessed a history of war and prosperity and has been a service point for many endeavors including The Central Connecticut Co-op Farmers Association, The Apel Opera House, and a manufacturing site for wood stoves and furniture. Exposed wood beams, lots of windows and brick accents create an inviting, warm and attractive feel. Best suited for the seasoned investor with renovation experience willing to invest in a conversion into several 1 and 2 bedroom apartments, though other uses such as retail, manufacturing or restaurants are possible. Architectural plans and final approval are needed from the town but initial research and discussions confirm this project meets the initial requirements to be converted. Additional parking area is available to meet parking requirements. This is your opportunity to complete your investment portfolio by purchasing one property with all your income producing units in one building. Please feel free to inquire about other uses. A recent appraisal in 2021 puts the value of this property at $1,240,000.

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