140 Waterford Parkway South - Former Waterford Airport
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140 Waterford Parkway South - Former Waterford Airport
328 Acres of Commercial Land Offered at $8,000,000 in Waterford, CT 06385
Executive Summary
The former Waterford Airport consisting of 189 acres in the IP-1 zone and 4 separate lots totaling 139 acres in the R-40 zone are offered as a master development opportunity to create a mixed use environment on the 328 acres. With 600 feet of frontage on I-95, the site is directly across from a major retail destination that includes Lowes, Walmart Supercenter as well as other major national retailers. EB, Pfizer and the Coast Guard and Navy facilities are just minutes away in New London and Groton. The 328 acres are suitable for commercial, industrial, recreational and residential uses, with the town of Waterford open to an integrated set of uses that are compatible with those allowed by right as well as those allowed by special permit. Property is accessed from Waterford Parkway South which runs parallel to I-95 off exit 81 Cross Road (north and south).
Property Facts
| Price | $8,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 328.00 AC |
| Property Type | Land |
| Price | $8,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 328.00 AC |
1 Lot Available
Lot 1
| Price | $8,000,000 | Lot Size | 328.00 AC |
| Price Per AC | $24,390 |
| Price | $8,000,000 |
| Price Per AC | $24,390 |
| Lot Size | 328.00 AC |
The former Waterford Airport on 189 acres in the IP-1 zone and four additional lots on 139 acre in the R-40 zone are being offered as a master development of mixed uses for commercial, industrial, recreational and residential.
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,319,180 | Total Assessment | $1,319,180 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,319,180
Improvements Assessment
$0
Total Assessment
$1,319,180
zoning
| Zoning Code | IP-1 & R-40 |
| IP-1 & R-40 |
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140 Waterford Parkway South - Former Waterford Airport
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