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140 Waterford Parkway SouthWaterford, CT 06385MLS Number 170250075

  • Price: $6,750,000The price has recently decreased
  • Est. Mortgage of $/month
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Est. Mortgage: $/month

Federal 30-year interest rate: 3.04% last updated on 2021-04-15

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140 Waterford Waterford CT 06385
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  • 188.81Acreage
  • 1Number of Lots
  • OtherProperty subtype
  • ActiveMLS Status
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.
Listed by Penny Parker of Lyman Real Estate

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Basic Information

  • Acreage188.81
  • StatusACT
  • List Price$6,750,000
  • Broker NameLyman Real Estate
  • Number of Lots1
  • HoaNo
  • Property subtypeOther
  • Property TypeLots and Land For Sale
  • MLS Number170250075
  • MLS StatusActive

Amenities

  • UsmAmenitiesWaterfront

Water Body

  • Waterfront DescriptionNot Applicable

Auction

  • Bank owned propertyNo

Tax Information

  • Taxes$28,102
  • Milrate base27
  • Milrate total27.87
  • Tax YearJuly 2020-June 2021
  • Assessed value$1,008,340

Building

  • Garage Spaces

Property

  • Lot DescriptionOpen Lot, May be Subdividable, Additional Land Avail., Rolling
  • Parking spaces per 1000sqft
  • Parking spaces uncovered
  • Parking Spaces
  • Parking spaces covered
  • FloodzoneNo
  • Road Frontage572
  • Road Frontage DescriptionInterstate Highway, State Road, Paved Road
  • SwimmingpoolNo

School Information

  • Elementary SchoolPer Board of Ed
  • High SchoolWaterford

Location

  • StateCT
  • Building Number140
  • StreetWaterford
  • TownWaterford
  • Zip06385
  • CountyNew London
  • LocationHighway Access, Other

Utilities

  • Utilities availableElectric Available, Gas Available, Phone Available, Cable Available
  • Water sourcePublic Water In Street
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer In Street

Other

  • ZoningIP-1
  • Fha approvedNo
  • Lease purchaseNo
  • SubdividableYes
  • Documents AvailableDemographic Data, Legal Description
  • Possession availabilityNegotiable
  • View Count127

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2021 Smart MLS, Inc. All rights reserved.

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