Address
140 Waterford Parkway South Waterford, CT
Price
$ 6,750,000
Property Attributes
  • MLS#170250075
  • TypeLand
  • CountyNEW LONDON
  • CityWaterford
  • Zip06385
  • Style
  • Taxes28213
  • Price$ 6,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size188.81 Acres
Listing Provided Courtesy Of:
Lyman Real Estate
Property Description

A timely opportunity to create a development in the southeastern shore region of Connecticut which is currently experiencing a rapid growth of employees for Electric Boat. The former Waterford Airport property lot of 189 acres adjacent to I-95 is minutes from the EB facilities and an ideal site for a variety of uses currently allowed as well as additional uses that will be considered by the town of Waterford. The town is open to an integrated set of uses for development that is compatible and will consider proposals brought to the commissions. The airport is in the IP-1 zone that has been, until recently, emphasizing development that is considered industrial-use oriented, however recent development of medical facilities and assisted living communities in the IP-1 zone are in close proximity to the subject property. Based on the well-documented need for residential multifamily and single family homes in the area, this site could potentially be a mixed-use development of multiple types of housing and complimentary amenities as preferred by the town. Additional uses are found in the attached IP-1 Zoning Regulations. Access to the property is directly from Waterford Parkway South which runs parallel to I-95. The land is flat on the site of the former airport which consisted in part of 46 acres of the 189 acres. Water, gas and sewer available. An additional 4 lots/139 acres in the R-40 zone are also available.

Elementary School High School
Per Board of Ed Elementary School Waterford High School
Price History
11/5/2019 Listed $6,750,000

General Features

Elementary School Per Board of Ed
High School Waterford
Location Highway Access, Other
Neighborhood N/A
Property Sub Type Other
Property Type Lots and Land For Sale
Status Active
Tax Year July 2019-June 2020
Utilities Available Electric Available, Gas Available, Phone Available, Cable Available
Zoning IP-1

Exterior Features

Acres 188.8100
Lot Description Open Lot, May be Subdividable, Additional Land Avail., Rolling
Lots Number Of 1
Road Frontage Approximate 572
Road Frontage Description Interstate Highway, State Road, Paved Road
Sewage System Public Sewer In Street
Water Source Public Water In Street
Waterfront Description Not Applicable

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 06385

Price
AVG $520K
$6.75M
Taxes
AVG $2,825
$28,213
Visits
AVG 25
82

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