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Redevelopment opportunity on a combined 23. 95-acre site in Wolcott, CT. This offering includes a former 129-bed skilled nursing facility situated on 17. 44 acres, an adjacent 6. 51-acre parcel with approved conceptual plans for a 140-unit assisted living facility, and a third parcel providing secondary access via Evas Terrace-ideal for phased or expanded development. The existing 50, 000 SF main building offers 73 patient rooms: 17 private rooms (12 with full private baths) and 56 semi-private rooms with a mix of shared full baths and shared half baths. Ten semi-private rooms share a full bath between two rooms, and four additional common shower rooms provide flexible bathing infrastructure. The facility also includes 12 administrative offices-9 on the main floor and 3 on the lower level-along with dining, therapy, and lounge areas. A second 13, 000 SF building previously operated as a daycare and housed laundry services, garage bays, and multi-use areas. Zoned GC (General Commercial), the site is fully sprinklered and supports a wide range of redevelopment options, including assisted living, transitional housing, senior housing, or mixed-use residential. Site plan, aerial maps, and virtual meta tour available.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $3,600,000 | $3,600,000 | $3,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.183% |
Monthly Tax Payment | $8,332 | $8,332 | $8,332 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,440 | $23,051 | $30,379 |
Total Monthly Payment | $28,897 | $31,508 | $38,836 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.