140 Waterford South Parkway, Waterford, Connecticut 06385

$6,750,000
List Price
$6,750,000
Status
SHOW
MLS#
170249218
Year Built
1930
Acres
188.81

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 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.

Additional Information

Taxes
$28,213
Lot Size
8,224,563
Heating
No Heat
Fuel Type
Gas In Street
Cooling System Type
None
Sewer
Public Sewer In Street
Water Source
Public Water In Street

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Listing courtesy of Lyman Real Estate.