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140 Waterford Parkway South

Waterford, Connecticut

$6,750,000

Commercial For Sale
140 Waterford Parkway South, Waterford, Connecticut, 06385, $6,750,000, Property For Sale, Halstead Real Estate
  • 188.81 Acres

Property Details

Location: Waterford, Connecticut
Price: $6,750,000
Property Type: Commercial
Type: Commercial
Web #: 170249218

Residence Information

Built: 1930

Building Information

Walk Score

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... Read More

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 property 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 immediate 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 acreage. Water, gas and sewer available. An additional 4 lots/139 acres in the R-40 zone are also available.

Internet Data ExchangeListing courtesy of Lyman Real Estate

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